VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Reaches New 1-Year High – What’s Next?

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’s 50 day moving average is $17.67 and its two-hundred day moving average is $17.69. The stock has a market capitalization of $2.09 billion, a PE ratio of 0.59 and a beta of 0.60.

Institutional Investors Weigh In On VanEck Preferred Securities ex Financials ETF

A number of large investors have recently modified their holdings of the company. Bank of America Corp DE lifted its position in shares of VanEck Preferred Securities ex Financials ETF by 36.7% during the 3rd quarter. Bank of America Corp DE now owns 4,140,671 shares of the company’s stock worth $73,580,000 after purchasing an additional 1,111,754 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in VanEck Preferred Securities ex Financials ETF in the second quarter valued at $5,329,000. Good Steward Wealth Advisors LLC lifted its holdings in VanEck Preferred Securities ex Financials ETF by 128.1% during the 2nd quarter. Good Steward Wealth Advisors LLC now owns 498,682 shares of the company’s stock worth $8,537,000 after buying an additional 280,033 shares during the last quarter. Blair William & Co. IL boosted its position in shares of VanEck Preferred Securities ex Financials ETF by 8,489.4% during the 3rd quarter. Blair William & Co. IL now owns 171,788 shares of the company’s stock worth $3,053,000 after acquiring an additional 169,788 shares in the last quarter. Finally, Tanager Wealth Management LLP increased its holdings in shares of VanEck Preferred Securities ex Financials ETF by 12.6% in the 3rd quarter. Tanager Wealth Management LLP now owns 1,286,346 shares of the company’s stock valued at $22,858,000 after acquiring an additional 144,310 shares during the last quarter.

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.