VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF – Get Free Report)’s share price hit a new 52-week low on Friday. The stock traded as low as $16.21 and last traded at $16.2150, with a volume of 93,452 shares. The stock had previously closed at $16.38.
VanEck Preferred Securities ex Financials ETF Trading Down 0.9%
The firm has a market cap of $2.10 billion, a PE ratio of 0.59 and a beta of 0.65. The stock has a 50 day simple moving average of $17.30 and a 200-day simple moving average of $17.91.
Institutional Trading of VanEck Preferred Securities ex Financials ETF
Several institutional investors have recently made changes to their positions in the business. Bank of America Corp DE raised its stake in VanEck Preferred Securities ex Financials ETF by 15.2% during the 1st quarter. Bank of America Corp DE now owns 5,351,204 shares of the company’s stock valued at $93,860,000 after purchasing an additional 705,474 shares during the period. Parkway Wealth Management Group LLC boosted its stake in VanEck Preferred Securities ex Financials ETF by 2.4% in the 3rd quarter. Parkway Wealth Management Group LLC now owns 839,267 shares of the company’s stock worth $14,704,000 after purchasing an additional 19,894 shares during the period. Envestnet Asset Management Inc. boosted its stake in VanEck Preferred Securities ex Financials ETF by 9.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 725,100 shares of the company’s stock worth $12,936,000 after purchasing an additional 65,009 shares during the period. Good Steward Wealth Advisors LLC boosted its stake in VanEck Preferred Securities ex Financials ETF by 3.6% in the 3rd quarter. Good Steward Wealth Advisors LLC now owns 617,851 shares of the company’s stock worth $10,825,000 after purchasing an additional 21,672 shares during the period. Finally, Commonwealth Equity Services LLC boosted its stake in VanEck Preferred Securities ex Financials ETF by 8.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 520,561 shares of the company’s stock worth $9,120,000 after purchasing an additional 41,212 shares during the period.
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.
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