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.
CoreShares Preftrax ETF is listed on the Johannesburg Stock Exchange (JSE). CoreShares Preftrax ETF is traded on the JSE under the ticker symbol “PREFTX”. CoreShares Preftrax ETF is currently the 310th most valuable stock on the JSE with a market capitalization of ZAR 419 million, which is about 0.0019% of the Johannesburg Stock Exchange equity market.
| Last Trading Results | |
|---|---|
| Opening Price | |
| Day’s Low Price | 10.28 |
| Day’s High Price | 10.39 |
| Traded Volume | 147 |
| Number of Deals | 3 |
| Gross Turnover | 1,524.00 |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | |
| Price/Earning Ratio | |
| Dividend Per Share | |
| Dividend Yield | |
| Shares Outstanding | 40.6M |
| Market Capitalization | 419M |
PREFTX Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| -0.19% | +0.49% | -4.44% |
| 6MO | 1YR | YTD |
|---|---|---|
| -3.73% | +2.28% | -0.29% |
The current share price of CoreShares Preftrax ETF (PREFTX) is ZAR 10.39. PREFTX closed its last trading day (Friday, February 3, 2023) at 10.33 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 0.2% gain over its previous closing price of 10.31 ZAR.
CoreShares Preftrax ETF is the 218th most traded stock on the Johannesburg Stock Exchange over the past three months (Nov 3, 2022 - Feb 3, 2023). PREFTX has traded a total volume of 3.83 million shares—in 1,025 deals—valued at ZAR 39.8 million over the period, with an average of 60,729 traded shares per session. A volume high of 909,766 was achieved on February 3rd, and a low of 533 on January 11th, 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% |
|---|---|---|---|---|
| 2023-02-03 | 909,766 | 10.33 | +0.02 | +0.19% |
| 2023-02-02 | 110,145 | 10.31 | -0.04 | -0.39% |
| 2023-02-01 | 90,459 | 10.35 | +0.06 | +0.58% |
| 2023-01-31 | 31,259 | 10.29 | +0.01 | +0.10% |
| 2023-01-30 | 8,311 | 10.28 | -0.07 | -0.68% |
| 2023-01-27 | 15,773 | 10.35 | -0.04 | -0.38% |
| 2023-01-26 | 12,656 | 10.39 | +0.17 | +1.66% |
| 2023-01-25 | 38,597 | 10.22 | +0.01 | +0.10% |
| 2023-01-24 | 140,480 | 10.21 | -0.01 | -0.10% |
| 2023-01-23 | 50,458 | 10.22 |
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 Global Property ETF (+12.01%), CoreShares Total World Stock ETF (+10.95%), CoreShares SciBeta Multi-Factor ETF (+10.39%), CoreShares S&P 500 (+10.26%), CoreShares Top50 ETF (+8.76%), CoreShares GlobalDivTrax ETF (+5.77%), CoreShares Divtrax ETF (+5.35%), CoreShares Wealth GOVI ETF (+0.47%) and CoreShares SA Property Income (-1.36%) 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 |
|---|---|---|---|---|
| RHB | RH Bophelo Limited | 258M | 3.99 | +77.3% |
| SYGSE | Sygnia Itrix Sustainable Economy ETF | 172M | 56.97 | +19% |
| SYG4IR | Sygnia Itrix 4th IR Global Equity ETF | 2.34B | 42.12 | +18.6% |
| STXNDQ | Satrix Nasdaq 100 Prtf | 3.01B | 123.80 | +17.7% |
| ETF5IT | 1nvest S&P 500 IT ETF | 536M | 15.36 | +17% |
| SYGEU | Sygnia Itrix EURO STOXX 50 ETF | 3.28B | 79.11 | +14.8% |
| SYGEMF | Sygnia Itrix MSCI EM 50 ETF | 2.51B | 15.74 | +14.5% |
| BRT | Brimstone Inv Corp Ltd | 1.59B | 6.02 | +14.5% |
| STXIND | Satrix INDI Portfolio | 2.23B | 102.63 | +14.3% |
| STXCHN | Satrix MSCI China ETF | 1.31B | 43.10 | +13% |