VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Reaches New 1-Year High at $18.42

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) hit a new 52-week high on Tuesday . The company traded as high as $18.42 and last traded at $18.42, with a volume of 659860 shares changing hands. The stock had previously closed at $18.38.

VanEck Preferred Securities ex Financials ETF Stock Up 0.2 %

The business has a fifty day moving average price of $17.59 and a 200-day moving average price of $17.48. The stock has a market capitalization of $1.71 billion, a P/E ratio of 0.59 and a beta of 0.51.

Hedge Funds Weigh In On VanEck Preferred Securities ex Financials ETF

Institutional investors have recently bought and sold shares of the stock. LPL Financial LLC boosted its holdings in VanEck Preferred Securities ex Financials ETF by 4.0% in the 2nd quarter. LPL Financial LLC now owns 2,024,278 shares of the company’s stock worth $35,020,000 after buying an additional 77,212 shares during the period. RS Crum Inc. boosted its stake in shares of VanEck Preferred Securities ex Financials ETF by 0.8% in the second quarter. RS Crum Inc. now owns 1,304,849 shares of the company’s stock worth $22,574,000 after acquiring an additional 9,733 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in shares of VanEck Preferred Securities ex Financials ETF by 5.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,254,471 shares of the company’s stock worth $21,702,000 after purchasing an additional 65,109 shares in the last quarter. Tanager Wealth Management LLP grew its position in shares of VanEck Preferred Securities ex Financials ETF by 6.8% during the second quarter. Tanager Wealth Management LLP now owns 1,171,301 shares of the company’s stock worth $20,264,000 after purchasing an additional 74,644 shares in the last quarter. Finally, Raymond James & Associates raised its stake in VanEck Preferred Securities ex Financials ETF by 6.0% during the 2nd quarter. Raymond James & Associates now owns 705,317 shares of the company’s stock valued at $12,202,000 after purchasing an additional 39,828 shares during the period.

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.