VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Sees Large Volume Increase

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) shares saw strong trading volume on Wednesday . 238,112 shares were traded during mid-day trading, a decline of 54% from the previous session’s volume of 516,646 shares.The stock last traded at $17.26 and had previously closed at $17.23.

VanEck Preferred Securities ex Financials ETF Stock Up 0.4 %

The stock has a market cap of $1.61 billion, a PE ratio of 0.59 and a beta of 0.51. The business has a 50 day moving average price of $17.31 and a 200 day moving average price of $17.42.

Hedge Funds Weigh In On VanEck Preferred Securities ex Financials ETF

Several large investors have recently made changes to their positions in the company. CWM LLC boosted its position in VanEck Preferred Securities ex Financials ETF by 7.8% during the fourth quarter. CWM LLC now owns 8,300 shares of the company’s stock worth $143,000 after purchasing an additional 600 shares in the last quarter. Register Financial Advisors LLC lifted its holdings in VanEck Preferred Securities ex Financials ETF by 6.5% during the second quarter. Register Financial Advisors LLC now owns 10,114 shares of the company’s stock valued at $175,000 after purchasing an additional 614 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of VanEck Preferred Securities ex Financials ETF by 3.4% in the first quarter. Geneos Wealth Management Inc. now owns 19,044 shares of the company’s stock valued at $337,000 after purchasing an additional 620 shares during the period. Private Advisor Group LLC increased its stake in shares of VanEck Preferred Securities ex Financials ETF by 0.4% during the first quarter. Private Advisor Group LLC now owns 140,074 shares of the company’s stock worth $2,478,000 after purchasing an additional 621 shares in the last quarter. Finally, Avantax Advisory Services Inc. raised its position in shares of VanEck Preferred Securities ex Financials ETF by 6.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 11,809 shares of the company’s stock worth $209,000 after purchasing an additional 682 shares during the last quarter.

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.