Shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF – Get Free Report) reached a new 52-week low during mid-day trading on Wednesday. The company traded as low as $16.93 and last traded at $17.01, with a volume of 744,569 shares changing hands. The stock had previously closed at $16.98.
VanEck Preferred Securities ex Financials ETF Price Performance
The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 0.59 and a beta of 0.64. The firm has a fifty day moving average of $17.74 and a 200 day moving average of $18.01.
Institutional Trading of VanEck Preferred Securities ex Financials ETF
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE boosted its position in shares of 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 acquiring an additional 705,474 shares during the last quarter. Tanager Wealth Management LLP grew its holdings in shares of 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 during the period. Parkway Wealth Management Group LLC grew its holdings in shares of VanEck Preferred Securities ex Financials ETF by 2.4% in the third quarter. Parkway Wealth Management Group LLC now owns 839,267 shares of the company’s stock valued at $14,704,000 after purchasing an additional 19,894 shares during the period. Envestnet Asset Management Inc. increased its position in VanEck Preferred Securities ex Financials ETF by 9.8% during the second 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 last quarter. Finally, Royal Bank of Canada increased its position in VanEck Preferred Securities ex Financials ETF by 47.5% during the first quarter. Royal Bank of Canada now owns 484,045 shares of the company’s stock worth $8,491,000 after purchasing an additional 155,882 shares during 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.
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