VanEck Preferred Securities ex Financials ETF $PFXF Shares Acquired by Bank of America Corp DE

Bank of America Corp DE lifted its stake in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 15.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,351,204 shares of the company’s stock after buying an additional 705,474 shares during the quarter. Bank of America Corp DE’s holdings in VanEck Preferred Securities ex Financials ETF were worth $93,860,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PFXF. Hyposwiss Advisors SA acquired a new position in VanEck Preferred Securities ex Financials ETF in the fourth quarter valued at approximately $931,000. Larch Capital Partners LLC acquired a new stake in shares of VanEck Preferred Securities ex Financials ETF during the 4th quarter worth approximately $2,952,000. UBS Group AG grew its stake in shares of VanEck Preferred Securities ex Financials ETF by 193.2% during the 4th quarter. UBS Group AG now owns 615,097 shares of the company’s stock worth $10,863,000 after purchasing an additional 405,277 shares during the period. Tanager Wealth Management LLP grew its stake in shares of VanEck Preferred Securities ex Financials ETF by 9.6% during the 1st quarter. Tanager Wealth Management LLP now owns 1,587,632 shares of the company’s stock worth $27,847,000 after purchasing an additional 138,544 shares during the period. Finally, Prevail Innovative Wealth Advisors LLC purchased a new position in shares of VanEck Preferred Securities ex Financials ETF during the 4th quarter valued at approximately $1,396,000.

VanEck Preferred Securities ex Financials ETF Price Performance

NYSEARCA:PFXF opened at $18.03 on Friday. The company has a 50 day moving average price of $17.98 and a 200-day moving average price of $18.14. 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 $2.47 billion, a price-to-earnings ratio of 0.59 and a beta of 0.62.

VanEck Preferred Securities ex Financials ETF Company 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.