VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Sees Strong Trading Volume – Here’s Why

Shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) saw unusually-high trading volume on Monday . Approximately 1,322,362 shares were traded during trading, an increase of 99% from the previous session’s volume of 665,866 shares.The stock last traded at $18.44 and had previously closed at $18.49.

VanEck Preferred Securities ex Financials ETF Stock Performance

The firm has a 50-day moving average of $18.04 and a 200-day moving average of $17.96. The firm has a market capitalization of $2.35 billion, a P/E ratio of 0.59 and a beta of 0.62.

Hedge Funds Weigh In On VanEck Preferred Securities ex Financials ETF

Several institutional investors and hedge funds have recently bought and sold shares of PFXF. Qube Research & Technologies Ltd grew its position in VanEck Preferred Securities ex Financials ETF by 56.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 4,111 shares of the company’s stock worth $70,000 after acquiring an additional 1,491 shares during the last quarter. NewEdge Advisors LLC grew its position in VanEck Preferred Securities ex Financials ETF by 5.0% during the 2nd quarter. NewEdge Advisors LLC now owns 48,239 shares of the company’s stock worth $826,000 after acquiring an additional 2,315 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in shares of VanEck Preferred Securities ex Financials ETF in the 2nd quarter worth approximately $61,000. MML Investors Services LLC grew its position in shares of VanEck Preferred Securities ex Financials ETF by 4.9% in the 2nd quarter. MML Investors Services LLC now owns 1,187,758 shares of the company’s stock worth $20,334,000 after buying an additional 55,727 shares during the last quarter. Finally, Captrust Financial Advisors bought a new stake in shares of VanEck Preferred Securities ex Financials ETF in the 2nd quarter worth approximately $688,000.

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.