VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Hits New 12-Month Low – Here’s Why

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)’s share price hit a new 52-week low during trading on Monday. The stock traded as low as $16.55 and last traded at $16.64, with a volume of 154,207 shares changing hands. The stock had previously closed at $16.66.

VanEck Preferred Securities ex Financials ETF Stock Performance

The company has a market capitalization of $2.19 billion, a PE ratio of 0.59 and a beta of 0.64. The business’s 50-day moving average is $17.56 and its 200-day moving average is $18.00.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Altium Investment Strategies LLC increased its stake in shares of VanEck Preferred Securities ex Financials ETF by 2.2% in the 3rd quarter. Altium Investment Strategies LLC now owns 28,012 shares of the company’s stock worth $492,000 after purchasing an additional 600 shares in the last quarter. Sigma Planning Corp raised its stake in VanEck Preferred Securities ex Financials ETF by 2.0% during the 3rd quarter. Sigma Planning Corp now owns 36,190 shares of the company’s stock worth $634,000 after acquiring an additional 720 shares during the period. Chicago Partners Investment Group LLC lifted its holdings in VanEck Preferred Securities ex Financials ETF by 0.8% during the third quarter. Chicago Partners Investment Group LLC now owns 100,728 shares of the company’s stock valued at $1,703,000 after purchasing an additional 759 shares in the last quarter. Sax Wealth Advisors LLC lifted its holdings in VanEck Preferred Securities ex Financials ETF by 1.0% during the third quarter. Sax Wealth Advisors LLC now owns 75,262 shares of the company’s stock valued at $1,319,000 after purchasing an additional 781 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in shares of VanEck Preferred Securities ex Financials ETF by 11.2% in the second quarter. IFP Advisors Inc now owns 25,188 shares of the company’s stock worth $449,000 after purchasing an additional 2,543 shares during the period.

About VanEck Preferred Securities ex Financials ETF

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.