VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Sets New 1-Year High – Time to Buy?

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $18.95 and last traded at $18.88, with a volume of 2568338 shares trading hands. The stock had previously closed at $18.84.

VanEck Preferred Securities ex Financials ETF Stock Down 0.3%

The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 0.59 and a beta of 0.62. The company’s 50 day moving average is $18.08 and its 200 day moving average is $18.00.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Avidian Wealth Enterprises LLC raised its holdings in VanEck Preferred Securities ex Financials ETF by 0.7% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 86,976 shares of the company’s stock valued at $1,536,000 after buying an additional 564 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in VanEck Preferred Securities ex Financials ETF by 0.6% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 107,432 shares of the company’s stock valued at $1,933,000 after purchasing an additional 648 shares during the period. Mission Hills Financial Advisory LLC increased its position in VanEck Preferred Securities ex Financials ETF by 7.0% during the 4th quarter. Mission Hills Financial Advisory LLC now owns 11,406 shares of the company’s stock valued at $201,000 after purchasing an additional 751 shares during the period. Van Hulzen Asset Management LLC increased its position in VanEck Preferred Securities ex Financials ETF by 7.3% during the 4th quarter. Van Hulzen Asset Management LLC now owns 12,184 shares of the company’s stock valued at $215,000 after purchasing an additional 832 shares during the period. Finally, Register Financial Advisors LLC increased its position in VanEck Preferred Securities ex Financials ETF by 10.5% during the 3rd quarter. Register Financial Advisors LLC now owns 10,538 shares of the company’s stock valued at $187,000 after purchasing an additional 1,000 shares during the period.

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.