VanEck Preferred Securities ex Financials ETF $PFXF is Capital Square LLC’s 8th Largest Position

Capital Square LLC cut its stake in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 14.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 233,334 shares of the company’s stock after selling 37,856 shares during the period. VanEck Preferred Securities ex Financials ETF comprises approximately 1.8% of Capital Square LLC’s portfolio, making the stock its 8th largest position. Capital Square LLC’s holdings in VanEck Preferred Securities ex Financials ETF were worth $4,158,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in VanEck Preferred Securities ex Financials ETF in the fourth quarter worth approximately $38,000. High Point Wealth Management LLC purchased a new position in shares of VanEck Preferred Securities ex Financials ETF during the fourth quarter worth approximately $50,000. JPMorgan Chase & Co. lifted its holdings in shares of VanEck Preferred Securities ex Financials ETF by 1,338.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,935 shares of the company’s stock worth $52,000 after acquiring an additional 2,731 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in shares of VanEck Preferred Securities ex Financials ETF in the 2nd quarter worth approximately $61,000. Finally, Rossmore Private Capital purchased a new stake in shares of VanEck Preferred Securities ex Financials ETF in the 1st quarter valued at $70,000.

VanEck Preferred Securities ex Financials ETF Stock Performance

PFXF stock opened at $17.97 on Monday. VanEck Preferred Securities ex Financials ETF has a 52 week low of $17.03 and a 52 week high of $19.07. The firm’s fifty day moving average is $17.88 and its 200 day moving average is $18.12. The firm has a market cap of $2.46 billion, a P/E 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.