VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Reaches New 1-Year Low – Time to Sell?

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $16.75 and last traded at $16.83, with a volume of 513787 shares. The stock had previously closed at $16.90.

VanEck Preferred Securities ex Financials ETF Stock Down 0.6 %

The firm has a market cap of $1.56 billion, a P/E ratio of 0.59 and a beta of 0.51. The stock’s 50-day moving average is $17.35 and its 200-day moving average is $17.77.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Darwin Wealth Management LLC acquired a new stake in VanEck Preferred Securities ex Financials ETF during the third quarter worth $29,000. Ameriflex Group Inc. bought a new position in shares of VanEck Preferred Securities ex Financials ETF during the 4th quarter worth about $39,000. Decker Retirement Planning Inc. bought a new stake in VanEck Preferred Securities ex Financials ETF in the fourth quarter valued at about $42,000. Blair William & Co. IL raised its position in VanEck Preferred Securities ex Financials ETF by 31.8% in the fourth quarter. Blair William & Co. IL now owns 3,077 shares of the company’s stock worth $53,000 after purchasing an additional 743 shares in the last quarter. Finally, MeadowBrook Investment Advisors LLC lifted its stake in VanEck Preferred Securities ex Financials ETF by 11,741.3% during the third quarter. MeadowBrook Investment Advisors LLC now owns 7,460 shares of the company’s stock worth $136,000 after purchasing an additional 7,397 shares during the period.

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.