Independent Financial Group LLC bought a new position in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF – Free Report) during the 1st quarter, Holdings Channel.com reports. The fund bought 110,391 shares of the company’s stock, valued at approximately $1,936,000.
Several other institutional investors have also made changes to their positions in the stock. International Assets Investment Management LLC acquired a new stake in VanEck Preferred Securities ex Financials ETF during the fourth quarter worth approximately $38,000. High Point Wealth Management LLC acquired a new position in VanEck Preferred Securities ex Financials ETF in the 4th quarter valued at $50,000. Allworth Financial LP raised its holdings in VanEck Preferred Securities ex Financials ETF by 72.0% in the 3rd quarter. Allworth Financial LP now owns 2,913 shares of the company’s stock valued at $52,000 after acquiring an additional 1,219 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of VanEck Preferred Securities ex Financials ETF by 1,338.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,935 shares of the company’s stock valued at $52,000 after acquiring an additional 2,731 shares during the period. Finally, Darwin Wealth Management LLC bought a new stake in shares of VanEck Preferred Securities ex Financials ETF during the 2nd quarter valued at $61,000.
VanEck Preferred Securities ex Financials ETF Stock Performance
PFXF opened at $17.47 on Monday. The firm has a market cap of $2.40 billion, a P/E ratio of 0.59 and a beta of 0.62. VanEck Preferred Securities ex Financials ETF has a 52-week low of $17.03 and a 52-week high of $19.07. The business’s fifty day moving average is $18.27 and its 200-day moving average is $18.19.
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. PFXF was launched on Jul 16, 2012 and is managed by VanEck.
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