VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Sees Large Volume Increase – What’s Next?

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) saw unusually-high trading volume on Monday . Approximately 1,322,362 shares were traded during mid-day 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 Down 0.4%

The business has a 50-day moving average price of $18.03 and a two-hundred day moving average price of $17.95. The firm has a market cap of $2.31 billion, a PE ratio of 0.59 and a beta of 0.62.

Institutional Investors Weigh In On VanEck Preferred Securities ex Financials ETF

Large investors have recently bought and sold shares of the stock. Bank of America Corp DE boosted its stake in shares of VanEck Preferred Securities ex Financials ETF by 36.7% in the 3rd quarter. Bank of America Corp DE now owns 4,140,671 shares of the company’s stock valued at $73,580,000 after buying an additional 1,111,754 shares during the period. LPL Financial LLC raised its holdings in VanEck Preferred Securities ex Financials ETF by 8.5% in the fourth quarter. LPL Financial LLC now owns 2,961,370 shares of the company’s stock valued at $52,298,000 after acquiring an additional 232,745 shares in the last quarter. Raymond James Financial Inc. raised its holdings in VanEck Preferred Securities ex Financials ETF by 3.5% in the third quarter. Raymond James Financial Inc. now owns 1,763,760 shares of the company’s stock valued at $31,342,000 after acquiring an additional 59,762 shares in the last quarter. Tanager Wealth Management LLP lifted its stake in VanEck Preferred Securities ex Financials ETF by 9.6% in the first quarter. Tanager Wealth Management LLP now owns 1,587,632 shares of the company’s stock worth $27,847,000 after acquiring an additional 138,544 shares during the last quarter. Finally, MML Investors Services LLC grew its stake in shares of VanEck Preferred Securities ex Financials ETF by 6.7% during the fourth quarter. MML Investors Services LLC now owns 1,471,878 shares of the company’s stock worth $25,993,000 after purchasing an additional 92,611 shares in the last quarter.

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.