VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Hits New 1-Year High – Still a Buy?

Shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) hit a new 52-week high during trading on Wednesday . The company traded as high as $18.57 and last traded at $18.4850, with a volume of 102244 shares. The stock had previously closed at $18.44.

VanEck Preferred Securities ex Financials ETF Stock Performance

The stock’s 50-day simple moving average is $18.21 and its 200-day simple moving average is $17.90. The firm has a market capitalization of $2.16 billion, a PE ratio of 0.59 and a beta of 0.60.

VanEck Preferred Securities ex Financials ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were given a dividend of $0.0485 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 3.2%.

Institutional Trading of VanEck Preferred Securities ex Financials ETF

Large investors have recently bought and sold shares of the company. World Investment Advisors bought a new position in shares of VanEck Preferred Securities ex Financials ETF in the 2nd quarter worth about $297,000. Atria Investments Inc lifted its stake in VanEck Preferred Securities ex Financials ETF by 29.3% during the 2nd quarter. Atria Investments Inc now owns 75,737 shares of the company’s stock valued at $1,297,000 after acquiring an additional 17,166 shares during the period. Silver Coast Investments LLC raised its holdings in shares of VanEck Preferred Securities ex Financials ETF by 1.4% during the second quarter. Silver Coast Investments LLC now owns 288,427 shares of the company’s stock valued at $4,938,000 after purchasing an additional 3,996 shares during the last quarter. Sigma Planning Corp boosted its holdings in VanEck Preferred Securities ex Financials ETF by 120.9% in the second quarter. Sigma Planning Corp now owns 103,540 shares of the company’s stock worth $1,773,000 after purchasing an additional 56,675 shares during the last quarter. Finally, Simplex Trading LLC boosted its holdings in VanEck Preferred Securities ex Financials ETF by 97.2% in the second quarter. Simplex Trading LLC now owns 1,597 shares of the company’s stock worth $27,000 after purchasing an additional 787 shares during the last quarter.

About VanEck Preferred Securities ex Financials ETF

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.