Meridian Financial Partners LLC Boosts Stock Position in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

Meridian Financial Partners LLC boosted its holdings in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 178.2% during the 1st quarter, Holdings Channel reports. The firm owned 31,639 shares of the company’s stock after acquiring an additional 20,268 shares during the period. Meridian Financial Partners LLC’s holdings in VanEck Preferred Securities ex Financials ETF were worth $530,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. NBC Securities Inc. boosted its position in VanEck Preferred Securities ex Financials ETF by 146,650.0% in the first quarter. NBC Securities Inc. now owns 2,935 shares of the company’s stock worth $49,000 after purchasing an additional 2,933 shares during the last quarter. Investors Research Corp boosted its position in VanEck Preferred Securities ex Financials ETF by 18.3% in the first quarter. Investors Research Corp now owns 208,598 shares of the company’s stock worth $3,496,000 after purchasing an additional 32,204 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in VanEck Preferred Securities ex Financials ETF by 110.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 154,591 shares of the company’s stock worth $2,667,000 after purchasing an additional 81,254 shares during the last quarter. Liberty Square Wealth Partners LLC purchased a new position in VanEck Preferred Securities ex Financials ETF in the fourth quarter worth $227,000. Finally, Ameriflex Group Inc. purchased a new position in VanEck Preferred Securities ex Financials ETF in the fourth quarter worth $39,000.

VanEck Preferred Securities ex Financials ETF Stock Performance

PFXF stock opened at $16.95 on Friday. The stock’s fifty day simple moving average is $16.45 and its two-hundred day simple moving average is $17.08. VanEck Preferred Securities ex Financials ETF has a 1-year low of $15.28 and a 1-year high of $18.45. The stock has a market cap of $1.78 billion, a P/E ratio of 0.59 and a beta of 0.61.

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.