VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Reaches New 1-Year Low – What’s Next?

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) reached a new 52-week low during trading on Tuesday. The company traded as low as $16.85 and last traded at $16.96, with a volume of 49,428 shares changing hands. The stock had previously closed at $16.90.

VanEck Preferred Securities ex Financials ETF Stock Performance

The business’s 50 day moving average price is $17.67 and its 200-day moving average price is $18.03. The firm has a market capitalization of $2.25 billion, a PE ratio of 0.59 and a beta of 0.64.

Institutional Trading of VanEck Preferred Securities ex Financials ETF

Institutional investors have recently added to or reduced their stakes in the stock. Rainey & Randall Wealth Advisors Inc. purchased a new stake in VanEck Preferred Securities ex Financials ETF in the third quarter valued at approximately $217,000. Sigma Planning Corp lifted its stake in VanEck Preferred Securities ex Financials ETF by 2.0% during the third quarter. Sigma Planning Corp now owns 36,190 shares of the company’s stock worth $634,000 after purchasing an additional 720 shares in the last quarter. Simplicity Wealth LLC boosted its position in shares of VanEck Preferred Securities ex Financials ETF by 17.2% during the third quarter. Simplicity Wealth LLC now owns 29,185 shares of the company’s stock worth $511,000 after buying an additional 4,273 shares during the period. Brookstone Capital Management boosted its position in shares of VanEck Preferred Securities ex Financials ETF by 123.9% during the third quarter. Brookstone Capital Management now owns 99,761 shares of the company’s stock worth $1,748,000 after buying an additional 55,200 shares during the period. Finally, SeaCrest Wealth Management LLC purchased a new position in shares of VanEck Preferred Securities ex Financials ETF during the third quarter worth $180,000.

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. PFXF was launched on Jul 16, 2012 and is managed by VanEck.