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

Shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) saw an uptick in trading volume on Friday . 842,853 shares traded hands during trading, an increase of 60% from the previous session’s volume of 526,038 shares.The stock last traded at $17.06 and had previously closed at $17.02.

VanEck Preferred Securities ex Financials ETF Price Performance

The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 0.59 and a beta of 0.51. The business has a fifty day moving average of $17.53 and a 200-day moving average of $17.11.

Institutional Investors Weigh In On VanEck Preferred Securities ex Financials ETF

Large investors have recently modified their holdings of the business. NBC Securities Inc. bought a new stake in VanEck Preferred Securities ex Financials ETF in the 3rd quarter valued at about $25,000. Global Retirement Partners LLC bought a new stake in shares of VanEck Preferred Securities ex Financials ETF in the 4th quarter worth approximately $26,000. WealthShield Partners LLC purchased a new position in VanEck Preferred Securities ex Financials ETF in the 3rd quarter worth approximately $41,000. McGlone Suttner Wealth Management Inc. bought a new stake in VanEck Preferred Securities ex Financials ETF during the 4th quarter valued at approximately $45,000. Finally, Howe & Rusling Inc. bought a new stake in shares of VanEck Preferred Securities ex Financials ETF in the 4th quarter worth about $51,000.

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.