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.
NOTE: Shares of CoreShares Preftrax ETF have been delisted from the Johannesburg Stock Exchange (JSE) since close of trading on Tuesday, May 30, 2023. CoreShares Preftrax ETF was traded on the JSE under the ticker symbol “PREFTX”. CoreShares Preftrax ETF was the 328th most valuable stock on the JSE with a market capitalization of ZAR 266 million, which was about 0.0014% of the Johannesburg Stock Exchange equity market at the time of delisting.
| Last Trading Results | |
|---|---|
| Opening Price | |
| Day’s Low Price | |
| Day’s High Price | |
| Traded Volume | 0 |
| Number of Deals | 0 |
| Gross Turnover | 0.00 |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | |
| Price/Earning Ratio | |
| Dividend Per Share | |
| Dividend Yield | |
| Shares Outstanding | 27M |
| Market Capitalization | 266M |
PREFTX Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| +0.1% | +0.31% | -4.55% |
| 6MO | 1YR | YTD |
|---|---|---|
| -5.29% | -4.37% | -4.92% |
The current share price of CoreShares Preftrax ETF (PREFTX) is ZAR 9.92. PREFTX closed its last trading day (Tuesday, May 30, 2023) at 9.85 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 0.1% gain over its previous closing price of 9.84 ZAR. CoreShares Preftrax ETF began the year with a share price of 10.36 ZAR but has since lost 4.92% off that price valuation.
CoreShares Preftrax ETF has traded a total volume of 4.43 million shares—in 955 deals—valued at ZAR 44 million over the past three months (Feb 24 - May 30, 2023), with an average of 70,255 traded shares per session. A volume high of 1.04 million was achieved on May 26th, and a low of 1,044 on March 23rd, 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% |
|---|---|---|---|---|
| 2023-05-30 | 19,795 | 9.85 | +0.01 | +0.10% |
| 2023-05-29 | 23,645 | 9.84 | ||
| 2023-05-26 | 1,039,404 | 9.84 | -0.03 | -0.30% |
| 2023-05-25 | 11,219 | 9.87 | +0.03 | +0.30% |
| 2023-05-24 | 40,453 | 9.84 | ||
| 2023-05-23 | 50,053 | 9.84 | +0.02 | +0.20% |
| 2023-05-22 | 28,558 | 9.82 | -0.03 | -0.30% |
| 2023-05-19 | 625,355 | 9.85 | +0.02 | +0.20% |
| 2023-05-18 | 55,761 | 9.83 | ||
| 2023-05-17 | 14,200 | 9.83 |
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
- Website
- coreshares.co.za
PREFTX Industrial Market Competitors
CoreShares Asset Management (Pty) Limited, issuers of the PREFTX, CoreShares S&P 500 (+25.73%), CoreShares Total World Stock ETF (+21.06%), CoreShares GlobalDivTrax ETF (+11.41%), CoreShares S&P Global Property ETF (+6.38%), CoreShares Income Actively Managed ETF (+1%), CoreShares SciBeta Multi-Factor ETF (+0.91%), CoreShares Yield Selected Bond ETF (-0.5%), CoreShares Top50 ETF (-1.11%), CoreShares Wealth Next 40 Equal Weighted ETF (-2.32%) and CoreShares All Asia Actively Managed ETF (-5.45%) 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 |
|---|---|---|---|---|
| 4SI | 4Sight Holdings Limited | 240M | 0.45 | +80% |
| ETF5IT | 1nvest S&P 500 IT ETF | 738M | 19.76 | +50.5% |
| STXNDQ | Satrix Nasdaq 100 Prtf | 4.04B | 157.85 | +50% |
| ETF500 | 1nvest S&P 500 Index ETF | 206M | 423.61 | +26.7% |
| STX500 | Satrix S&P 500 Feeder | 4.23B | 85.18 | +26.3% |
| SYGUS | Sygnia Itrix MSCI US ETF | 6.76B | 76.54 | +25.7% |
| SYG500 | Sygnia Itrix S&P 500 ETF | 4.46B | 82.81 | +25% |
| ETFWLD | 1nvest MSCI World ETF | 327M | 76.82 | +24.3% |
| STXWDM | Satrix MSCI World Feeder | 9.9B | 77.23 | +24.1% |
| ETFSRI | 1NVEST MSCI World SRI ETF | 27.3M | 146.08 | +23.9% |