VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Sees Large Volume Increase – Still a Buy?

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) shares saw unusually-high trading volume on Monday . Approximately 788,955 shares traded hands during mid-day 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 Trading Up 0.2 %

The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 0.59 and a beta of 0.51. The stock’s fifty day moving average price is $17.94 and its two-hundred day moving average price is $17.76.

Institutional Trading of VanEck Preferred Securities ex Financials ETF

Institutional investors have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. grew its position in VanEck Preferred Securities ex Financials ETF by 40.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 63,215 shares of the company’s stock valued at $1,155,000 after acquiring an additional 18,065 shares during the period. Sanctuary Advisors LLC raised its position in shares of VanEck Preferred Securities ex Financials ETF by 16.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 99,719 shares of the company’s stock valued at $1,797,000 after purchasing an additional 14,128 shares in the last quarter. MML Investors Services LLC grew its holdings in VanEck Preferred Securities ex Financials ETF by 19.7% during the 3rd quarter. MML Investors Services LLC now owns 951,891 shares of the company’s stock worth $17,382,000 after acquiring an additional 156,434 shares in the last quarter. Insigneo Advisory Services LLC increased its holdings in VanEck Preferred Securities ex Financials ETF by 11.5% in the third quarter. Insigneo Advisory Services LLC now owns 40,100 shares of the company’s stock valued at $732,000 after buying an additional 4,146 shares during the last quarter. Finally, Stifel Financial Corp raised its position in shares of VanEck Preferred Securities ex Financials ETF by 84.7% during the 3rd quarter. Stifel Financial Corp now owns 318,062 shares of the company’s stock valued at $5,808,000 after acquiring an additional 145,848 shares in the last quarter.

About VanEck Preferred Securities ex Financials ETF

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.