VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Sees Unusually-High Trading Volume

Shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) saw unusually-strong trading volume on Tuesday . Approximately 211,182 shares changed hands during mid-day trading, a decline of 59% from the previous session’s volume of 514,783 shares.The stock last traded at $18.25 and had previously closed at $18.21.

VanEck Preferred Securities ex Financials ETF Price Performance

The business has a 50-day moving average of $17.54 and a 200 day moving average of $17.47. The company has a market cap of $1.70 billion, a PE ratio of 0.59 and a beta of 0.51.

Hedge Funds Weigh In On VanEck Preferred Securities ex Financials ETF

Several institutional investors have recently made changes to their positions in PFXF. Avantax Advisory Services Inc. purchased a new stake in VanEck Preferred Securities ex Financials ETF during the fourth quarter valued at approximately $191,000. Steward Partners Investment Advisory LLC increased its stake in shares of VanEck Preferred Securities ex Financials ETF by 24.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 102,129 shares of the company’s stock worth $1,755,000 after purchasing an additional 19,976 shares in the last quarter. RS Crum Inc. raised its holdings in VanEck Preferred Securities ex Financials ETF by 11.6% in the 4th quarter. RS Crum Inc. now owns 1,263,901 shares of the company’s stock worth $21,714,000 after purchasing an additional 131,789 shares during the period. Prevail Innovative Wealth Advisors LLC lifted its position in VanEck Preferred Securities ex Financials ETF by 72.9% during the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 27,971 shares of the company’s stock valued at $481,000 after purchasing an additional 11,789 shares in the last quarter. Finally, Fisher Asset Management LLC bought a new stake in VanEck Preferred Securities ex Financials ETF during the fourth quarter valued at about $226,000.

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.