VanEck Preferred Securities ex Financials ETF $PFXF Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC trimmed its holdings in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 19.0% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 173,424 shares of the company’s stock after selling 40,577 shares during the period. Private Advisor Group LLC owned 0.14% of VanEck Preferred Securities ex Financials ETF worth $3,042,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in PFXF. International Assets Investment Management LLC acquired a new stake in VanEck Preferred Securities ex Financials ETF during the 4th quarter worth approximately $38,000. High Point Wealth Management LLC acquired a new position in shares of VanEck Preferred Securities ex Financials ETF in the fourth quarter valued at approximately $50,000. Allworth Financial LP raised its stake in shares of VanEck Preferred Securities ex Financials ETF by 72.0% during the third quarter. Allworth Financial LP now owns 2,913 shares of the company’s stock worth $52,000 after purchasing an additional 1,219 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of VanEck Preferred Securities ex Financials ETF by 1,338.7% during the third quarter. JPMorgan Chase & Co. now owns 2,935 shares of the company’s stock worth $52,000 after purchasing an additional 2,731 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in shares of VanEck Preferred Securities ex Financials ETF during the second quarter worth $61,000.

VanEck Preferred Securities ex Financials ETF Price Performance

NYSEARCA:PFXF opened at $17.79 on Friday. The firm’s fifty day moving average price is $18.38 and its 200 day moving average price is $18.20. VanEck Preferred Securities ex Financials ETF has a 1-year low of $17.03 and a 1-year high of $19.07. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 0.59 and a beta of 0.62.

VanEck Preferred Securities ex Financials ETF Profile

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.