VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Sets New 12-Month High – Should You Buy?

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $18.60 and last traded at $18.58, with a volume of 209421 shares traded. The stock had previously closed at $18.52.

VanEck Preferred Securities ex Financials ETF Price Performance

The firm’s fifty day simple moving average is $18.02 and its 200 day simple moving average is $17.93. The company has a market capitalization of $2.24 billion, a PE ratio of 0.59 and a beta of 0.61.

Institutional Trading of VanEck Preferred Securities ex Financials ETF

Institutional investors have recently made changes to their positions in the company. Avidian Wealth Enterprises LLC raised its position in shares of VanEck Preferred Securities ex Financials ETF by 0.7% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 86,976 shares of the company’s stock valued at $1,536,000 after buying an additional 564 shares during the last quarter. Chicago Partners Investment Group LLC lifted its position in VanEck Preferred Securities ex Financials ETF by 0.6% during the third quarter. Chicago Partners Investment Group LLC now owns 107,432 shares of the company’s stock worth $1,933,000 after buying an additional 648 shares in the last quarter. Mission Hills Financial Advisory LLC grew its holdings in VanEck Preferred Securities ex Financials ETF by 7.0% in the 4th quarter. Mission Hills Financial Advisory LLC now owns 11,406 shares of the company’s stock valued at $201,000 after buying an additional 751 shares in the last quarter. Van Hulzen Asset Management LLC increased its stake in shares of VanEck Preferred Securities ex Financials ETF by 7.3% in the 4th quarter. Van Hulzen Asset Management LLC now owns 12,184 shares of the company’s stock worth $215,000 after acquiring an additional 832 shares during the last quarter. Finally, O ROURKE & COMPANY Inc raised its stake in VanEck Preferred Securities ex Financials ETF by 9.0% during the third quarter. O ROURKE & COMPANY Inc now owns 11,759 shares of the company’s stock worth $209,000 after purchasing an additional 968 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. PFXF was launched on Jul 16, 2012 and is managed by VanEck.