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 303rd most valuable stock on the JSE with a market capitalization of ZAR 453 million, which is about 0.0024% of the Johannesburg Stock Exchange equity market.
| Last Trading Results | |
|---|---|
| Opening Price | |
| Day’s Low Price | 11.10 |
| Day’s High Price | 11.10 |
| Traded Volume | 2,225 |
| Number of Deals | 2 |
| Gross Turnover | 24,697.00 |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | |
| Price/Earning Ratio | |
| Dividend Per Share | |
| Dividend Yield | |
| Shares Outstanding | 40.6M |
| Market Capitalization | 453M |
PREFTX Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| +3.72% | +6.6% |
| 6MO | 1YR | YTD |
|---|---|---|
| +4.69% | +28.2% | +13.3% |
The current share price of CoreShares Preftrax ETF (PREFTX) is ZAR 11.10. PREFTX closed its last trading day (Wednesday, October 5, 2022) at 11.15 ZAR per share on the Johannesburg Stock Exchange (JSE). CoreShares Preftrax ETF began the year with a share price of 9.84 ZAR and has since gained 13.3% on that price valuation, ranking it 62nd on the JSE in terms of year-to-date performance.
CoreShares Preftrax ETF is the 189th most traded stock on the Johannesburg Stock Exchange over the past three months (Jul 8 - Oct 5, 2022). PREFTX has traded a total volume of 6.38 million shares—in 740 deals—valued at ZAR 68.2 million over the period, with an average of 101,275 traded shares per session. A volume high of 932,763 was achieved on September 5th, and a low of 1,410 on September 8th, 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% |
|---|---|---|---|---|
| 2022-10-05 | 84,020 | 11.15 | ||
| 2022-10-04 | 32,595 | 11.15 | +0.02 | +0.18% |
| 2022-10-03 | 26,969 | 11.13 | -0.02 | -0.18% |
| 2022-09-30 | 94,552 | 11.15 | +0.01 | +0.09% |
| 2022-09-29 | 53,019 | 11.14 | -0.01 | -0.09% |
| 2022-09-28 | 34,105 | 11.15 | +0.09 | +0.81% |
| 2022-09-27 | 87,842 | 11.06 | +0.02 | +0.18% |
| 2022-09-26 | 58,388 | 11.04 | +0.26 | +2.41% |
| 2022-09-23 | 16,396 | 10.78 | -0.11 | -1.01% |
| 2022-09-22 | 7,788 | 10.89 |
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 Divtrax ETF (+0.28%), CoreShares SciBeta Multi-Factor ETF (-3.27%), CoreShares Top50 ETF (-8.79%), CoreShares GlobalDivTrax ETF (-10.69%), CoreShares S&P 500 (-11.23%), CoreShares Total World Stock ETF (-14.1%), CoreShares SA Property Income (-15.93%) and CoreShares S&P Global Property ETF (-21.4%) 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 |
|---|---|---|---|---|
| SBP | Sabvest Capital Limited | 3.32B | 84.00 | +37.7% |
| ARA | Astoria Investments Ltd | 381M | 6.80 | +36% |
| RACP | RECM and Calibre Limited | 742M | 14.50 | +31.8% |
| NGPLD | NewGold Palladium ETF | 434M | 386.00 | +29.2% |
| ETFPLD | 1nvest Palladium ETF | 217M | 385.37 | +28.9% |
| STXNDA | Satrix MSCI India Feeder ETF | 163M | 63.00 | +16.2% |
| 4SI | 4Sight Holdings Limited | 165M | 0.25 | +13.6% |
| STXHLT | Satrix Healthcare Innovation ETF | 29.6M | 62.14 | +12.4% |
| BRT | Brimstone Inv Corp Ltd | 1.83B | 6.92 | +9.84% |
| EPE | EPE Capital Partners Ltd | 1.6B | 5.55 | +9.68% |