Sigma Planning Corp Sells 89,402 Shares of VanEck Preferred Securities ex Financials ETF $PFXF

Sigma Planning Corp decreased its stake in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 71.6% during the 2nd quarter, Holdings Channel reports. The firm owned 35,470 shares of the company’s stock after selling 89,402 shares during the period. Sigma Planning Corp’s holdings in VanEck Preferred Securities ex Financials ETF were worth $633,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in PFXF. Bank of America Corp DE increased its holdings in VanEck Preferred Securities ex Financials ETF by 36.7% during the third quarter. Bank of America Corp DE now owns 4,140,671 shares of the company’s stock worth $73,580,000 after buying an additional 1,111,754 shares during the last quarter. Wealth Intelligence LLC bought a new stake in VanEck Preferred Securities ex Financials ETF in the 4th quarter valued at $11,006,000. Dougherty & Associates LLC bought a new stake in VanEck Preferred Securities ex Financials ETF in the 4th quarter valued at $8,505,000. UBS Group AG lifted its holdings in 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 valued at $10,863,000 after purchasing an additional 405,277 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in VanEck Preferred Securities ex Financials ETF by 8.5% during the 4th quarter. LPL Financial LLC now owns 2,961,370 shares of the company’s stock valued at $52,298,000 after purchasing an additional 232,745 shares during the last quarter.

VanEck Preferred Securities ex Financials ETF Price Performance

PFXF stock opened at $17.62 on Wednesday. VanEck Preferred Securities ex Financials ETF has a one year low of $17.03 and a one year high of $19.07. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 0.59 and a beta of 0.62. The company has a fifty day moving average price of $17.81 and a two-hundred day moving average price of $18.11.

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.