VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Reaches New 1-Year High – What’s Next?

Shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $18.11 and last traded at $18.1150, with a volume of 174178 shares. The stock had previously closed at $18.00.

VanEck Preferred Securities ex Financials ETF Stock Performance

The stock has a market capitalization of $2.09 billion, a PE ratio of 0.59 and a beta of 0.60. The company’s fifty day simple moving average is $17.66 and its two-hundred day simple moving average is $17.67.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PFXF. Advisory Alpha LLC acquired a new stake in VanEck Preferred Securities ex Financials ETF during the 1st quarter worth approximately $309,000. Avidian Wealth Enterprises LLC boosted its stake in VanEck Preferred Securities ex Financials ETF by 7.2% during the 2nd quarter. Avidian Wealth Enterprises LLC now owns 83,335 shares of the company’s stock valued at $1,427,000 after purchasing an additional 5,621 shares during the period. World Investment Advisors acquired a new stake in VanEck Preferred Securities ex Financials ETF in the second quarter worth about $297,000. Good Steward Wealth Advisors LLC increased its stake in shares of VanEck Preferred Securities ex Financials ETF by 128.1% during the second quarter. Good Steward Wealth Advisors LLC now owns 498,682 shares of the company’s stock valued at $8,537,000 after acquiring an additional 280,033 shares during the period. Finally, Investors Research Corp boosted its stake in VanEck Preferred Securities ex Financials ETF by 12.0% during the second quarter. Investors Research Corp now owns 233,586 shares of the company’s stock valued at $3,999,000 after buying an additional 24,988 shares in 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.