VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Trading Up 0.4% – What’s Next?

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) shares were up 0.4% on Friday . The company traded as high as $18.49 and last traded at $18.45. Approximately 419,407 shares changed hands during 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 Price Performance

The stock’s 50 day simple moving average is $18.42 and its two-hundred day simple moving average is $18.14. The stock 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

Several institutional investors and hedge funds have recently made changes to their positions in PFXF. International Assets Investment Management LLC acquired a new stake in shares of VanEck Preferred Securities ex Financials ETF in the 4th quarter valued at $38,000. High Point Wealth Management LLC acquired a new stake in shares of VanEck Preferred Securities ex Financials ETF in the 4th quarter valued at $50,000. Allworth Financial LP boosted its stake in shares of 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 purchasing an additional 1,219 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of VanEck Preferred Securities ex Financials ETF by 1,338.7% in the 3rd 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 stake in shares of VanEck Preferred Securities ex Financials ETF in the 2nd quarter valued at $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.