Bank of America Corp DE Sells 47,636 Shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

Bank of America Corp DE reduced its position in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,370,287 shares of the company’s stock after selling 47,636 shares during the quarter. Bank of America Corp DE owned 3.63% of VanEck Preferred Securities ex Financials ETF worth $58,137,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in PFXF. Meridian Financial Partners LLC bought a new stake in shares of VanEck Preferred Securities ex Financials ETF in the fourth quarter valued at about $196,000. Decker Retirement Planning Inc. bought a new stake in shares of VanEck Preferred Securities ex Financials ETF in the fourth quarter valued at about $42,000. Wealthcare Advisory Partners LLC raised its holdings in shares of VanEck Preferred Securities ex Financials ETF by 9.0% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 173,001 shares of the company’s stock valued at $2,984,000 after acquiring an additional 14,249 shares in the last quarter. Sax Wealth Advisors LLC raised its holdings in shares of VanEck Preferred Securities ex Financials ETF by 1.0% in the fourth quarter. Sax Wealth Advisors LLC now owns 191,396 shares of the company’s stock valued at $3,302,000 after acquiring an additional 1,837 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of VanEck Preferred Securities ex Financials ETF by 7.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 24,065 shares of the company’s stock valued at $415,000 after acquiring an additional 1,641 shares in the last quarter.

VanEck Preferred Securities ex Financials ETF Price Performance

PFXF stock opened at $16.99 on Wednesday. The company has a market capitalization of $1.80 billion, a P/E ratio of 0.59 and a beta of 0.61. The business has a 50-day moving average price of $16.48 and a 200 day moving average price of $17.23. VanEck Preferred Securities ex Financials ETF has a 1-year low of $15.28 and a 1-year high of $18.45.

About VanEck Preferred Securities ex Financials ETF

The VanEck Preferred Securities ex Financials ETF (PFXF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks an index comprised of USD denominated preferred securities and securities that the index provider deems to be functionally equivalent. Securities issued by financial firms are excluded.