VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Sets New 12-Month Low – Time to Sell?

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) shares reached a new 52-week low on Monday . The company traded as low as $16.75 and last traded at $16.83, with a volume of 513787 shares changing hands. The stock had previously closed at $16.90.

VanEck Preferred Securities ex Financials ETF Stock Performance

The firm has a fifty day simple moving average of $17.33 and a 200-day simple moving average of $17.76. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 0.59 and a beta of 0.51.

Institutional Trading of VanEck Preferred Securities ex Financials ETF

Several hedge funds and other institutional investors have recently modified their holdings of PFXF. Comerica Bank increased its position in VanEck Preferred Securities ex Financials ETF by 4.1% during the fourth quarter. Comerica Bank now owns 16,244 shares of the company’s stock worth $280,000 after acquiring an additional 644 shares during the period. Blair William & Co. IL increased its holdings in shares of VanEck Preferred Securities ex Financials ETF by 31.8% during the fourth quarter. Blair William & Co. IL now owns 3,077 shares of the company’s stock worth $53,000 after purchasing an additional 743 shares during the period. Atria Investments Inc raised its position in shares of VanEck Preferred Securities ex Financials ETF by 1.8% in the third quarter. Atria Investments Inc now owns 56,206 shares of the company’s stock valued at $1,026,000 after buying an additional 971 shares in the last quarter. Private Trust Co. NA boosted its stake in shares of VanEck Preferred Securities ex Financials ETF by 15.0% in the third quarter. Private Trust Co. NA now owns 8,528 shares of the company’s stock valued at $156,000 after buying an additional 1,112 shares during the period. Finally, Balanced Rock Investment Advisors LLC grew its position in VanEck Preferred Securities ex Financials ETF by 5.4% during the fourth quarter. Balanced Rock Investment Advisors LLC now owns 22,289 shares of the company’s stock worth $384,000 after buying an additional 1,151 shares in 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.