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

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company 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 Up 0.2%

The stock has a fifty day moving average of $18.06 and a two-hundred day moving average of $17.98. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 0.59 and a beta of 0.62.

Institutional Trading of VanEck Preferred Securities ex Financials ETF

A number of institutional investors have recently bought and sold shares of the company. Carson Advisory Inc. purchased a new stake in shares of VanEck Preferred Securities ex Financials ETF in the first quarter valued at $179,000. Independent Financial Group LLC acquired a new stake in VanEck Preferred Securities ex Financials ETF during the 1st quarter valued at approximately $1,936,000. D.A. Davidson & CO. grew its position in shares of VanEck Preferred Securities ex Financials ETF by 7.2% in the 1st quarter. D.A. Davidson & CO. now owns 87,624 shares of the company’s stock worth $1,537,000 after acquiring an additional 5,887 shares in the last quarter. Sanctuary Advisors LLC grew its position in shares of VanEck Preferred Securities ex Financials ETF by 15.0% in the 1st quarter. Sanctuary Advisors LLC now owns 157,933 shares of the company’s stock worth $2,770,000 after acquiring an additional 20,641 shares in the last quarter. Finally, Sigma Planning Corp boosted its position in VanEck Preferred Securities ex Financials ETF by 2.5% during the 1st quarter. Sigma Planning Corp now owns 124,872 shares of the company’s stock valued at $2,190,000 after purchasing an additional 3,102 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.