VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Hits New 12-Month Low – Should You Sell?

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXFGet Free Report)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $16.53 and last traded at $16.63, with a volume of 142431 shares traded. The stock had previously closed at $16.62.

VanEck Preferred Securities ex Financials ETF Trading Up 0.3 %

The firm has a 50 day moving average price of $17.25 and a 200-day moving average price of $17.68. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 0.59 and a beta of 0.64.

Institutional Investors Weigh In On VanEck Preferred Securities ex Financials ETF

A number of large investors have recently bought and sold shares of PFXF. Wealth Enhancement Advisory Services LLC boosted its stake in shares of VanEck Preferred Securities ex Financials ETF by 110.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 154,591 shares of the company’s stock worth $2,667,000 after purchasing an additional 81,254 shares during the last quarter. Liberty Square Wealth Partners LLC acquired a new stake in VanEck Preferred Securities ex Financials ETF during the fourth quarter worth approximately $227,000. Ameriflex Group Inc. acquired a new stake in VanEck Preferred Securities ex Financials ETF during the fourth quarter worth approximately $39,000. Castlekeep Investment Advisors LLC acquired a new position in VanEck Preferred Securities ex Financials ETF in the 4th quarter valued at $223,000. Finally, Wolverine Trading LLC purchased a new position in shares of VanEck Preferred Securities ex Financials ETF during the 4th quarter worth $556,000.

About VanEck Preferred Securities ex Financials ETF

(Get Free Report)

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.

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