Ocean Park Asset Management LLC Sells 115,200 Shares of VanEck Preferred Securities ex Financials ETF $PFXF

Ocean Park Asset Management LLC cut its stake in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 82.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,100 shares of the company’s stock after selling 115,200 shares during the quarter. Ocean Park Asset Management LLC’s holdings in VanEck Preferred Securities ex Financials ETF were worth $426,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Bank of America Corp DE grew its position in VanEck Preferred Securities ex Financials ETF by 36.7% in the 3rd quarter. Bank of America Corp DE now owns 4,140,671 shares of the company’s stock worth $73,580,000 after purchasing an additional 1,111,754 shares during the period. Raymond James Financial Inc. boosted its stake in shares of VanEck Preferred Securities ex Financials ETF by 3.5% in the 3rd quarter. Raymond James Financial Inc. now owns 1,763,760 shares of the company’s stock worth $31,342,000 after buying an additional 59,762 shares during the last quarter. Tanager Wealth Management LLP boosted its stake in shares of VanEck Preferred Securities ex Financials ETF by 12.6% in the 3rd quarter. Tanager Wealth Management LLP now owns 1,286,346 shares of the company’s stock worth $22,858,000 after buying an additional 144,310 shares during the last quarter. MML Investors Services LLC grew its holdings in shares of VanEck Preferred Securities ex Financials ETF by 4.9% in the second quarter. MML Investors Services LLC now owns 1,187,758 shares of the company’s stock worth $20,334,000 after acquiring an additional 55,727 shares during the period. Finally, Good Steward Wealth Advisors LLC grew its holdings in shares of VanEck Preferred Securities ex Financials ETF by 17.0% in the third quarter. Good Steward Wealth Advisors LLC now owns 583,366 shares of the company’s stock worth $10,366,000 after acquiring an additional 84,684 shares during the period.

VanEck Preferred Securities ex Financials ETF Stock Performance

VanEck Preferred Securities ex Financials ETF stock opened at $17.41 on Monday. VanEck Preferred Securities ex Financials ETF has a one year low of $15.28 and a one year high of $18.57. The stock has a fifty day moving average of $18.15 and a 200 day moving average of $17.92. The stock has a market cap of $2.05 billion, a PE ratio of 0.59 and a beta of 0.60.

VanEck Preferred Securities ex Financials ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.0951 per share. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from VanEck Preferred Securities ex Financials ETF’s previous monthly dividend of $0.05.

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.