Sovran Advisors LLC Acquires New Position in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

Sovran Advisors LLC bought a new position in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 14,391 shares of the company’s stock, valued at approximately $246,000.

Other hedge funds also recently made changes to their positions in the company. Marshall Financial Group LLC acquired a new position in VanEck Preferred Securities ex Financials ETF in the third quarter worth $1,141,000. Sax Wealth Advisors LLC lifted its position in shares of VanEck Preferred Securities ex Financials ETF by 3.2% in the 3rd quarter. Sax Wealth Advisors LLC now owns 189,559 shares of the company’s stock worth $3,461,000 after buying an additional 5,851 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of VanEck Preferred Securities ex Financials ETF by 5.6% in the 3rd quarter. Raymond James & Associates now owns 744,984 shares of the company’s stock valued at $13,603,000 after buying an additional 39,667 shares during the period. Etesian Wealth Advisors Inc. grew its position in shares of VanEck Preferred Securities ex Financials ETF by 8.0% during the 3rd quarter. Etesian Wealth Advisors Inc. now owns 44,856 shares of the company’s stock valued at $819,000 after buying an additional 3,332 shares during the last quarter. Finally, Cadent Capital Advisors LLC raised its stake in VanEck Preferred Securities ex Financials ETF by 2.0% during the third quarter. Cadent Capital Advisors LLC now owns 86,079 shares of the company’s stock worth $1,572,000 after acquiring an additional 1,655 shares during the period.

VanEck Preferred Securities ex Financials ETF Stock Up 0.6 %

Shares of NYSEARCA PFXF opened at $17.39 on Friday. The firm’s 50-day moving average price is $17.50 and its two-hundred day moving average price is $17.77. VanEck Preferred Securities ex Financials ETF has a 52-week low of $16.77 and a 52-week high of $18.45. The stock has a market capitalization of $1.62 billion, a P/E ratio of 0.59 and a beta of 0.51.

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.