VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Hits New 52-Week Low – Should You Sell?

Shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) reached a new 52-week low on Monday . The company 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 Trading Down 0.6 %

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

Institutional Trading of VanEck Preferred Securities ex Financials ETF

Hedge funds have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of VanEck Preferred Securities ex Financials ETF by 38.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 60,850 shares of the company’s stock valued at $1,049,000 after purchasing an additional 16,850 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of VanEck Preferred Securities ex Financials ETF during the 4th quarter worth about $450,000. Truist Financial Corp lifted its stake in shares of VanEck Preferred Securities ex Financials ETF by 1.8% in the 4th quarter. Truist Financial Corp now owns 162,021 shares of the company’s stock worth $2,795,000 after acquiring an additional 2,787 shares during the period. Acorn Wealth Advisors LLC boosted its holdings in shares of VanEck Preferred Securities ex Financials ETF by 20.2% in the third quarter. Acorn Wealth Advisors LLC now owns 15,995 shares of the company’s stock valued at $292,000 after acquiring an additional 2,685 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its stake in shares of VanEck Preferred Securities ex Financials ETF by 2.6% during the fourth quarter. Sanctuary Advisors LLC now owns 102,335 shares of the company’s stock valued at $1,799,000 after acquiring an additional 2,616 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.