VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Stock Price Up 0.4% – Here’s Why

Shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) rose 0.4% during trading on Friday . The stock traded as high as $18.49 and last traded at $18.45. Approximately 419,407 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 768,612 shares. The stock had previously closed at $18.37.

VanEck Preferred Securities ex Financials ETF Stock Up 0.4%

The stock has a market capitalization of $2.31 billion, a P/E ratio of 0.59 and a beta of 0.62. The firm has a 50-day moving average of $18.42 and a 200 day moving average of $18.14.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC bought a new position in shares of VanEck Preferred Securities ex Financials ETF in the fourth quarter valued at about $38,000. High Point Wealth Management LLC bought a new position in VanEck Preferred Securities ex Financials ETF during the 4th quarter worth approximately $50,000. Allworth Financial LP boosted its stake in VanEck Preferred Securities ex Financials ETF by 72.0% during the 3rd quarter. Allworth Financial LP now owns 2,913 shares of the company’s stock worth $52,000 after acquiring an additional 1,219 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in VanEck Preferred Securities ex Financials ETF by 1,338.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,935 shares of the company’s stock worth $52,000 after acquiring an additional 2,731 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new position in shares of VanEck Preferred Securities ex Financials ETF during the 2nd quarter valued at about $61,000.

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.