VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF – Get Free Report)’s share price hit a new 52-week low during trading on Monday. The company 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 Price Performance
The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 0.59 and a beta of 0.65. The firm has a 50-day moving average price of $17.50 and a two-hundred day moving average price of $17.98.
Institutional Investors Weigh In On VanEck Preferred Securities ex Financials ETF
Several institutional investors have recently bought and sold shares of PFXF. Bank of America Corp DE grew its stake in VanEck Preferred Securities ex Financials ETF by 15.2% in the first quarter. Bank of America Corp DE now owns 5,351,204 shares of the company’s stock valued at $93,860,000 after purchasing an additional 705,474 shares in the last quarter. Susquehanna International Group LLP bought a new stake in shares of VanEck Preferred Securities ex Financials ETF during the 2nd quarter worth approximately $3,688,000. Royal Bank of Canada raised its stake in shares of VanEck Preferred Securities ex Financials ETF by 47.5% during the 1st quarter. Royal Bank of Canada now owns 484,045 shares of the company’s stock worth $8,491,000 after purchasing an additional 155,882 shares in the last quarter. Independent Financial Group LLC bought a new stake in shares of VanEck Preferred Securities ex Financials ETF during the 1st quarter worth approximately $1,936,000. Finally, Tassel Capital Management Inc. acquired a new stake in shares of VanEck Preferred Securities ex Financials ETF in the 2nd quarter valued at approximately $1,207,000.
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.
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