PREFTX - CoreShares Preftrax ETF
The CoreShares Preftrax ETF tracks the performance of the FTSE/JSE Preference Share Index and is part of the manager's equity income range. It is useful within a diversified income strategy, particularly for high marginal tax payers as it pays a dividend and not income. The primary benefit to investors is that preference shares pay a tax efficient dividend yield. Additionally, the dividend is generally higher than general equity. Dividends are contractual and calculated as a percentage of the prime lending rate.
| Last Trading Results | |
|---|---|
| Opening Price | |
| Day’s Low Price | 7.50 |
| Day’s High Price | 7.58 |
| Traded Volume | 19,934 |
| Number of Deals | 8 |
| Gross Turnover | 150,854.74 |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | |
| Price/Earning Ratio | |
| Dividend Per Share | |
| Dividend Yield | |
| Shares Outstanding | 43.5M |
| Market Capitalization | 328M |
PREFTX Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| +0.67% | -0.66% | -6.33% |
| 6MO | 1YR | YTD |
|---|---|---|
| +2.3% | +6.94% | +2.17% |
The current share price of CoreShares Preftrax ETF (PREFTX) is ZAR 7.55. PREFTX closed its last trading day (Friday, July 30, 2021) at 7.55 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 0.4% gain over its previous closing price of 7.52 ZAR. CoreShares Preftrax ETF began the year with a share price of 7.39 ZAR and has since gained 2.17% on that price valuation, ranking it 284th on the JSE in terms of year-to-date performance.
CoreShares Preftrax ETF is the 240th most traded stock on the Johannesburg Stock Exchange over the past three months (May 4 - Jul 30, 2021). PREFTX has traded a total volume of 4.45 million shares—in 710 deals—valued at ZAR 35.1 million over the period, with an average of 70,559 traded shares per session. A volume high of 705,885 was achieved on May 17th, and a low of 1,576 on July 7th, for the same period. The table below details the last 10 trading days of activity of CoreShares Preftrax ETF on the Johannesburg Stock Exchange.
| Date | Volume | Close | Change | Change% |
|---|---|---|---|---|
| 2021-07-30 | 19,934 | 7.55 | +0.03 | +0.40% |
| 2021-07-29 | 11,566 | 7.52 | +0.01 | +0.13% |
| 2021-07-28 | 20,292 | 7.51 | +0.01 | +0.13% |
| 2021-07-27 | 35,103 | 7.50 | -0.01 | -0.13% |
| 2021-07-26 | 25,193 | 7.51 | +0.01 | +0.13% |
| 2021-07-23 | 8,704 | 7.50 | +0.02 | +0.27% |
| 2021-07-22 | 68,018 | 7.48 | -0.04 | -0.53% |
| 2021-07-21 | 16,620 | 7.52 | +0.08 | +1.08% |
| 2021-07-20 | 37,414 | 7.44 | +0.01 | +0.13% |
| 2021-07-19 | 37,571 | 7.43 |
Profile of CoreShares Asset Management (Pty) Limited
CoreShares Asset Management (Pty) Limited operates in the Financials sector, specifically, the Investment Services industry.
| Factsheet of CoreShares Asset Management (Pty) Limited | |
|---|---|
| Sector: Financials | Industry: Investment Services |
| Address: 4th Floor, Grindrod Tower, 8a Protea Place, Sandown, Sandton 2194, South Africa | |
| Telephone: +27-11-459-1811, +27-21-702-8367, +27-21-702-8367 | |
| Email: info@coreshares.co.za | Website: coreshares.co.za |
PREFTX Industrial Market Competitors
CoreShares Asset Management (Pty) Limited, issuers of the PREFTX, CoreShares S&P Global Property ETF (+19.99%), CoreShares S&P 500 (+16.8%), CoreShares Top50 ETF (+16.74%), CoreShares SA Property Income (+16.51%), CoreShares GlobalDivTrax ETF (+12.54%), CoreShares SciBeta Multi-Factor ETF (+10.44%), CoreShares Total World Stock ETF (+6.08%) and CoreShares Divtrax ETF (+6.03%) stocks on the Johannesburg Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Investment Services industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.
| Code | Name | M. Cap. | Close | YTD |
|---|---|---|---|---|
| ARA | Astoria Investments Ltd | 244M | 4.29 | +78.8% |
| MTNZF | MTN Zakhele Futhi | 1.95B | 15.84 | +63.8% |
| SBP | Sabvest Capital Limited | 1.95B | 47.45 | +59.5% |
| YYLBEE | YeboYethu (RF) Ltd | 2.33B | 44.00 | +25.7% |
| NFEVAL | NF Equity Value ETF | 181M | 10.32 | +23.7% |
| STXRES | Satrix RESI ETF Portfolio | 1.02B | 72.25 | +23.3% |
| STXRAF | Satrix RAFI 40 Portfolio | 1.02B | 17.54 | +22.7% |
| ETFGRE | 1nvest Global REIT ETF | 131M | 21.31 | +22.1% |
| NFSH40 | NEWFUNDS SHARIA TOP40 | 65.9M | 4.23 | +21.2% |
| HUL | Hulisani Limited | 150M | 3.00 | +20% |