Apollon Wealth Management LLC Increases Stock Holdings in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

Apollon Wealth Management LLC raised its position in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 10.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 84,976 shares of the company’s stock after purchasing an additional 8,262 shares during the quarter. Apollon Wealth Management LLC owned 0.09% of VanEck Preferred Securities ex Financials ETF worth $1,466,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PFXF. Darwin Wealth Management LLC purchased a new stake in VanEck Preferred Securities ex Financials ETF during the third quarter valued at approximately $29,000. Decker Retirement Planning Inc. bought a new position in VanEck Preferred Securities ex Financials ETF in the 4th quarter worth $42,000. MeadowBrook Investment Advisors LLC lifted its position in VanEck Preferred Securities ex Financials ETF by 11,741.3% during the third quarter. MeadowBrook Investment Advisors LLC now owns 7,460 shares of the company’s stock valued at $136,000 after purchasing an additional 7,397 shares in the last quarter. Private Trust Co. NA increased its position in VanEck Preferred Securities ex Financials ETF by 15.0% in the third quarter. Private Trust Co. NA now owns 8,528 shares of the company’s stock worth $156,000 after buying an additional 1,112 shares in the last quarter. Finally, Meridian Financial Partners LLC bought a new position in shares of VanEck Preferred Securities ex Financials ETF in the fourth quarter worth about $196,000.

VanEck Preferred Securities ex Financials ETF Trading Up 0.3 %

Shares of NYSEARCA:PFXF opened at $17.33 on Tuesday. The stock has a 50 day moving average of $17.53 and a 200 day moving average of $17.77. The company has a market cap of $1.61 billion, a PE ratio of 0.59 and a beta of 0.51. VanEck Preferred Securities ex Financials ETF has a 12-month low of $16.77 and a 12-month high of $18.45.

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.