VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Sees Large Volume Increase

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) saw strong trading volume on Friday . 672,445 shares traded hands during mid-day trading, an increase of 85% from the previous session’s volume of 363,350 shares.The stock last traded at $16.54 and had previously closed at $16.33.

VanEck Preferred Securities ex Financials ETF Stock Up 1.7 %

The business has a 50 day moving average price of $16.51 and a 200 day moving average price of $17.02.

Institutional Trading of VanEck Preferred Securities ex Financials ETF

A number of hedge funds have recently modified their holdings of PFXF. Apollon Wealth Management LLC grew its holdings in VanEck Preferred Securities ex Financials ETF by 1.9% in the first quarter. Apollon Wealth Management LLC now owns 35,390 shares of the company’s stock valued at $625,000 after purchasing an additional 655 shares during the period. Hofer & Associates. Inc grew its holdings in VanEck Preferred Securities ex Financials ETF by 4.9% in the third quarter. Hofer & Associates. Inc now owns 14,750 shares of the company’s stock valued at $248,000 after purchasing an additional 683 shares during the period. Delta Capital Management LLC grew its holdings in VanEck Preferred Securities ex Financials ETF by 1.5% in the second quarter. Delta Capital Management LLC now owns 46,580 shares of the company’s stock valued at $823,000 after purchasing an additional 700 shares during the period. Raymond James & Associates grew its holdings in VanEck Preferred Securities ex Financials ETF by 4.4% in the first quarter. Raymond James & Associates now owns 20,184 shares of the company’s stock valued at $415,000 after purchasing an additional 851 shares during the period. Finally, Geneos Wealth Management Inc. grew its holdings in VanEck Preferred Securities ex Financials ETF by 13.3% in the first quarter. Geneos Wealth Management Inc. now owns 7,434 shares of the company’s stock valued at $152,000 after purchasing an additional 875 shares during the period.

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.