VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Hits New 52-Week High – Here’s What Happened

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $18.57 and last traded at $18.4850, with a volume of 102244 shares changing hands. The stock had previously closed at $18.44.

VanEck Preferred Securities ex Financials ETF Trading Up 0.4%

The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 0.59 and a beta of 0.60. The company has a 50 day moving average of $18.18 and a 200 day moving average of $17.89.

VanEck Preferred Securities ex Financials ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a $0.0485 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 3.1%.

Institutional Investors Weigh In On VanEck Preferred Securities ex Financials ETF

A number of institutional investors have recently made changes to their positions in PFXF. Avidian Wealth Enterprises LLC boosted 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 worth $1,536,000 after buying an additional 564 shares during the period. Chicago Partners Investment Group LLC lifted its holdings 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 worth $1,933,000 after purchasing an additional 648 shares in the last quarter. Mission Hills Financial Advisory LLC boosted its stake in VanEck Preferred Securities ex Financials ETF by 7.0% in the 4th quarter. Mission Hills Financial Advisory LLC now owns 11,406 shares of the company’s stock worth $201,000 after purchasing an additional 751 shares during the period. Simplex Trading LLC increased its position in shares of VanEck Preferred Securities ex Financials ETF by 97.2% during the second quarter. Simplex Trading LLC now owns 1,597 shares of the company’s stock valued at $27,000 after buying an additional 787 shares during the period. Finally, Van Hulzen Asset Management LLC boosted its stake in VanEck Preferred Securities ex Financials ETF by 7.3% during the fourth quarter. Van Hulzen Asset Management LLC now owns 12,184 shares of the company’s stock valued at $215,000 after buying an additional 832 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.