VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Stock Price Up 0.4% – Here’s Why

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)’s share price was up 0.4% during mid-day trading on Friday . The company traded as high as $18.49 and last traded at $18.45. Approximately 419,407 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 768,612 shares. The stock had previously closed at $18.37.

VanEck Preferred Securities ex Financials ETF Stock Performance

The stock has a 50-day moving average of $18.42 and a 200-day moving average of $18.14. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 0.59 and a beta of 0.62.

Institutional Investors Weigh In On VanEck Preferred Securities ex Financials ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in VanEck Preferred Securities ex Financials ETF in the 4th quarter valued at approximately $38,000. High Point Wealth Management LLC acquired a new stake in VanEck Preferred Securities ex Financials ETF in the 4th quarter valued at approximately $50,000. Allworth Financial LP raised its position in VanEck Preferred Securities ex Financials ETF by 72.0% in the 3rd quarter. Allworth Financial LP now owns 2,913 shares of the company’s stock valued at $52,000 after buying an additional 1,219 shares during the last quarter. JPMorgan Chase & Co. grew its stake in VanEck Preferred Securities ex Financials ETF by 1,338.7% in the third quarter. JPMorgan Chase & Co. now owns 2,935 shares of the company’s stock valued at $52,000 after purchasing an additional 2,731 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in shares of VanEck Preferred Securities ex Financials ETF during the 2nd quarter worth approximately $61,000.

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.