Shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $18.95 and last traded at $18.88, with a volume of 2568338 shares traded. The stock had previously closed at $18.84.
VanEck Preferred Securities ex Financials ETF Stock Performance
The stock has a 50 day moving average price of $18.06 and a 200 day moving average price of $17.98. The company has a market cap of $2.37 billion, a P/E ratio of 0.59 and a beta of 0.62.
Institutional Trading of VanEck Preferred Securities ex Financials ETF
Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE raised its position in shares of VanEck Preferred Securities ex Financials ETF by 36.7% during the third quarter. Bank of America Corp DE now owns 4,140,671 shares of the company’s stock worth $73,580,000 after purchasing an additional 1,111,754 shares during the period. LPL Financial LLC grew its holdings in shares of VanEck Preferred Securities ex Financials ETF by 8.5% during the fourth quarter. LPL Financial LLC now owns 2,961,370 shares of the company’s stock valued at $52,298,000 after buying an additional 232,745 shares in the last quarter. Raymond James Financial Inc. grew its stake in VanEck Preferred Securities ex Financials ETF by 3.5% in the third quarter. Raymond James Financial Inc. now owns 1,763,760 shares of the company’s stock valued at $31,342,000 after purchasing an additional 59,762 shares in the last quarter. Tanager Wealth Management LLP grew its stake in VanEck Preferred Securities ex Financials ETF by 9.6% in the first quarter. Tanager Wealth Management LLP now owns 1,587,632 shares of the company’s stock valued at $27,847,000 after purchasing an additional 138,544 shares in the last quarter. Finally, MML Investors Services LLC grew its stake in VanEck Preferred Securities ex Financials ETF by 6.7% in the fourth quarter. MML Investors Services LLC now owns 1,471,878 shares of the company’s stock valued at $25,993,000 after purchasing an additional 92,611 shares in 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.
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