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 | 8.77 |
| Day’s High Price | 8.90 |
| Traded Volume | 83,202 |
| Number of Deals | 8 |
| Gross Turnover | 734,300.25 |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | |
| Price/Earning Ratio | |
| Dividend Per Share | |
| Dividend Yield | |
| Shares Outstanding | 41M |
| Market Capitalization | 359M |
PREFTX Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| +0.11% | +7.87% | +16.9% |
| 6MO | 1YR | YTD |
|---|---|---|
| +11.2% | +36.2% | +18.7% |
The current share price of CoreShares Preftrax ETF (PREFTX) is ZAR 8.77. PREFTX closed its last trading day (Thursday, October 21, 2021) at 8.77 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 1.1% drop from its previous closing price of 8.87 ZAR. CoreShares Preftrax ETF began the year with a share price of 7.39 ZAR and has since gained 18.7% on that price valuation, ranking it 185th on the JSE in terms of year-to-date performance. Shareholders can be optimistic about PREFTX knowing the stock has accrued 8% over the past four-week period—101st best on JSE.
CoreShares Preftrax ETF is the 250th most traded stock on the Johannesburg Stock Exchange over the past three months (Jul 23 - Oct 21, 2021). PREFTX has traded a total volume of 3.45 million shares—in 624 deals—valued at ZAR 27.6 million over the period, with an average of 54,734 traded shares per session. A volume high of 984,973 was achieved on August 20th, and a low of 1,136 on August 19th, 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% |
|---|---|---|---|---|
| 2021-10-21 | 83,202 | 8.77 | -0.10 | -1.13% |
| 2021-10-20 | 10,141 | 8.87 | +0.13 | +1.49% |
| 2021-10-19 | 55,070 | 8.74 | -0.07 | -0.79% |
| 2021-10-18 | 50,336 | 8.81 | +0.04 | +0.46% |
| 2021-10-15 | 19,335 | 8.77 | +0.01 | +0.11% |
| 2021-10-14 | 7,713 | 8.76 | +0.10 | +1.15% |
| 2021-10-13 | 53,340 | 8.66 | -0.22 | -2.48% |
| 2021-10-12 | 21,249 | 8.88 | -0.01 | -0.11% |
| 2021-10-11 | 82,051 | 8.89 | +0.25 | +2.89% |
| 2021-10-08 | 58,303 | 8.64 |
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 (+22.14%), CoreShares S&P 500 (+20.49%), CoreShares SA Property Income (+18.92%), CoreShares SciBeta Multi-Factor ETF (+12.39%), CoreShares Top50 ETF (+12.01%), CoreShares GlobalDivTrax ETF (+11.54%), CoreShares Total World Stock ETF (+7.53%) and CoreShares Divtrax ETF (-6.89%) 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 |
|---|---|---|---|---|
| MTNZF | MTN Zakhele Futhi | 4.01B | 32.50 | +236% |
| ARA | Astoria Investments Ltd | 281M | 4.95 | +106% |
| SBP | Sabvest Capital Limited | 2.21B | 53.90 | +81.2% |
| HUL | Hulisani Limited | 208M | 4.16 | +66.4% |
| YYLBEE | YeboYethu (RF) Ltd | 2.55B | 48.10 | +37.4% |
| NFEVAL | NF Equity Value ETF | 254M | 10.94 | +31.2% |
| TMT | Trematon Capital Inv Ltd | 628M | 3.00 | +26.1% |
| STXRAF | Satrix RAFI 40 Portfolio | 1.04B | 17.82 | +24.6% |
| SCP | Stellar Cap Partners Ltd | 849M | 0.93 | +24% |
| ETFGRE | 1nvest Global REIT ETF | 131M | 21.39 | +22.6% |