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

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) hit a new 52-week low on Tuesday. The company traded as low as $16.85 and last traded at $16.96, with a volume of 49,428 shares. The stock had previously closed at $16.90.

VanEck Preferred Securities ex Financials ETF Stock Performance

The stock has a market cap of $2.24 billion, a PE ratio of 0.59 and a beta of 0.64. The business has a 50 day moving average price of $17.60 and a two-hundred day moving average price of $18.01.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Gill Capital Partners LLC bought a new position in VanEck Preferred Securities ex Financials ETF during the second quarter valued at $50,000. Rossmore Private Capital purchased a new stake in VanEck Preferred Securities ex Financials ETF in the first quarter worth $70,000. Integrated Wealth Concepts LLC bought a new stake in shares of VanEck Preferred Securities ex Financials ETF in the second quarter valued at $122,000. Western Wealth Management LLC bought a new stake in shares of VanEck Preferred Securities ex Financials ETF in the first quarter valued at $159,000. Finally, Carson Advisory Inc. bought a new stake in shares of VanEck Preferred Securities ex Financials ETF in the first quarter valued at $179,000.

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.