VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Sees Large Volume Increase – What’s Next?

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) shares saw unusually-strong trading volume on Monday . Approximately 788,955 shares were traded during trading, an increase of 55% from the previous session’s volume of 510,320 shares.The stock last traded at $17.15 and had previously closed at $17.21.

VanEck Preferred Securities ex Financials ETF Price Performance

The stock has a market capitalization of $1.60 billion, a P/E ratio of 0.59 and a beta of 0.51. The company’s 50-day simple moving average is $17.90 and its 200-day simple moving average is $17.76.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Darwin Wealth Management LLC bought a new stake in VanEck Preferred Securities ex Financials ETF in the 3rd quarter valued at $29,000. MeadowBrook Investment Advisors LLC boosted its position in shares of VanEck Preferred Securities ex Financials ETF by 11,741.3% in the third quarter. MeadowBrook Investment Advisors LLC now owns 7,460 shares of the company’s stock valued at $136,000 after acquiring an additional 7,397 shares during the period. Private Trust Co. NA boosted its position 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 acquiring an additional 1,112 shares during the period. Arkadios Wealth Advisors acquired a new position in shares of VanEck Preferred Securities ex Financials ETF in the third quarter valued at about $201,000. Finally, Drucker Wealth 3.0 LLC bought a new position in VanEck Preferred Securities ex Financials ETF during the second quarter worth about $219,000.

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.