VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Sets New 52-Week High – Should You Buy?

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $18.36 and last traded at $18.35, with a volume of 53124 shares. The stock had previously closed at $18.32.

VanEck Preferred Securities ex Financials ETF Trading Up 0.1%

The stock has a market cap of $2.11 billion, a P/E ratio of 0.59 and a beta of 0.60. The firm’s fifty day moving average is $17.72 and its 200 day moving average is $17.71.

Hedge Funds Weigh In On VanEck Preferred Securities ex Financials ETF

Large investors have recently made changes to their positions in the business. Wealthcare Advisory Partners LLC grew its holdings in VanEck Preferred Securities ex Financials ETF by 1.4% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 212,920 shares of the company’s stock valued at $3,760,000 after buying an additional 2,949 shares during the last quarter. Stableford Capital II LLC acquired a new position in shares of VanEck Preferred Securities ex Financials ETF during the fourth quarter worth approximately $244,000. Investors Research Corp boosted its position in shares of VanEck Preferred Securities ex Financials ETF by 8.2% in the fourth quarter. Investors Research Corp now owns 272,102 shares of the company’s stock valued at $4,805,000 after acquiring an additional 20,649 shares during the period. JPMorgan Chase & Co. boosted its position in shares of VanEck Preferred Securities ex Financials ETF by 1,338.7% in the third quarter. JPMorgan Chase & Co. now owns 2,935 shares of the company’s stock valued at $52,000 after acquiring an additional 2,731 shares during the period. Finally, Allworth Financial LP grew its stake in shares of VanEck Preferred Securities ex Financials ETF by 72.0% in the third quarter. Allworth Financial LP now owns 2,913 shares of the company’s stock worth $52,000 after acquiring an additional 1,219 shares during the last quarter.

VanEck Preferred Securities ex Financials ETF Company Profile

The VanEck Preferred Securities ex Financials ETF (PFXF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks an index comprised of USD denominated preferred securities and securities that the index provider deems to be functionally equivalent. Securities issued by financial firms are excluded. PFXF was launched on Jul 16, 2012 and is managed by VanEck.