VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $18.69 and last traded at $18.67, with a volume of 398237 shares changing hands. The stock had previously closed at $18.55.
VanEck Preferred Securities ex Financials ETF Price Performance
The firm’s 50-day moving average price is $18.04 and its 200 day moving average price is $17.96. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 0.59 and a beta of 0.62.
Institutional Investors Weigh In On VanEck Preferred Securities ex Financials ETF
A number of large investors have recently bought and sold shares of the stock. Apella Capital LLC purchased a new position in VanEck Preferred Securities ex Financials ETF in the 4th quarter valued at about $4,496,000. Blair William & Co. IL boosted its stake in shares of VanEck Preferred Securities ex Financials ETF by 8,489.4% during the 3rd quarter. Blair William & Co. IL now owns 171,788 shares of the company’s stock worth $3,053,000 after purchasing an additional 169,788 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of VanEck Preferred Securities ex Financials ETF by 8.2% during the third quarter. Envestnet Asset Management Inc. now owns 541,207 shares of the company’s stock worth $9,617,000 after buying an additional 40,853 shares in the last quarter. Mezzasalma Advisors LLC raised its position in shares of VanEck Preferred Securities ex Financials ETF by 840.6% in the fourth quarter. Mezzasalma Advisors LLC now owns 110,614 shares of the company’s stock valued at $1,978,000 after buying an additional 98,854 shares during the last quarter. Finally, Capital Square LLC acquired a new position in shares of VanEck Preferred Securities ex Financials ETF in the third quarter valued at approximately $952,000.
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.
Further Reading
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