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

Shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $18.11 and last traded at $18.1150, with a volume of 174178 shares changing hands. The stock had previously closed at $18.00.

VanEck Preferred Securities ex Financials ETF Price Performance

The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 0.59 and a beta of 0.60. The business’s 50 day moving average is $17.66 and its 200 day moving average is $17.67.

Institutional Investors Weigh In On VanEck Preferred Securities ex Financials ETF

Institutional investors have recently added to or reduced their stakes in the business. Capital Advisors Ltd. LLC purchased a new stake in shares of VanEck Preferred Securities ex Financials ETF during the 2nd quarter worth approximately $26,000. Simplex Trading LLC lifted its position in VanEck Preferred Securities ex Financials ETF by 97.2% in the second quarter. Simplex Trading LLC now owns 1,597 shares of the company’s stock valued at $27,000 after acquiring an additional 787 shares during the last quarter. Allworth Financial LP acquired a new position in VanEck Preferred Securities ex Financials ETF in the second quarter valued at $29,000. Root Financial Partners LLC purchased a new position in shares of VanEck Preferred Securities ex Financials ETF during the third quarter worth about $33,000. Finally, DHJJ Financial Advisors Ltd. acquired a new stake in shares of VanEck Preferred Securities ex Financials ETF during the second quarter worth about $48,000.

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.