VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Sees Strong Trading Volume

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) shares saw unusually-high trading volume on Friday . Approximately 842,853 shares traded hands during mid-day 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 Stock Down 0.1 %

The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 0.59 and a beta of 0.51. The company’s 50 day moving average is $17.52 and its 200 day moving average is $17.13.

Institutional Investors Weigh In On VanEck Preferred Securities ex Financials ETF

A number of large investors have recently bought and sold shares of the company. Carmel Capital Partners LLC grew its stake in VanEck Preferred Securities ex Financials ETF by 17.5% during the first quarter. Carmel Capital Partners LLC now owns 220,253 shares of the company’s stock worth $3,896,000 after buying an additional 32,789 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of VanEck Preferred Securities ex Financials ETF by 26.1% in the first quarter. Raymond James & Associates now owns 665,489 shares of the company’s stock worth $11,772,000 after acquiring an additional 137,672 shares during the last quarter. Register Financial Advisors LLC lifted its holdings in shares of VanEck Preferred Securities ex Financials ETF by 691.7% in the first quarter. Register Financial Advisors LLC now owns 9,500 shares of the company’s stock worth $168,000 after acquiring an additional 8,300 shares during the last quarter. Pasadena Private Wealth LLC lifted its holdings in shares of VanEck Preferred Securities ex Financials ETF by 6.3% in the first quarter. Pasadena Private Wealth LLC now owns 14,519 shares of the company’s stock worth $257,000 after acquiring an additional 865 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its holdings in shares of VanEck Preferred Securities ex Financials ETF by 3.0% in the first quarter. Wealthcare Advisory Partners LLC now owns 149,288 shares of the company’s stock worth $2,641,000 after acquiring an additional 4,315 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.