Private Advisor Group LLC Lowers Stock Position in VanEck Preferred Securities ex Financials ETF $PFXF

Private Advisor Group LLC decreased its holdings in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 19.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 173,424 shares of the company’s stock after selling 40,577 shares during the period. Private Advisor Group LLC’s holdings in VanEck Preferred Securities ex Financials ETF were worth $3,042,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PFXF. Bank of America Corp DE grew its holdings in VanEck Preferred Securities ex Financials ETF by 36.7% during the third quarter. Bank of America Corp DE now owns 4,140,671 shares of the company’s stock worth $73,580,000 after acquiring an additional 1,111,754 shares during the period. LPL Financial LLC grew its stake in shares of VanEck Preferred Securities ex Financials ETF by 8.5% during the 4th quarter. LPL Financial LLC now owns 2,961,370 shares of the company’s stock worth $52,298,000 after purchasing an additional 232,745 shares during the period. Raymond James Financial Inc. increased its holdings 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 valued at $31,342,000 after purchasing an additional 59,762 shares in the last quarter. Tanager Wealth Management LLP increased its holdings in shares of VanEck Preferred Securities ex Financials ETF by 9.6% in the 1st quarter. Tanager Wealth Management LLP now owns 1,587,632 shares of the company’s stock valued at $27,847,000 after purchasing an additional 138,544 shares in the last quarter. Finally, MML Investors Services LLC lifted its stake in shares of VanEck Preferred Securities ex Financials ETF by 6.7% in the fourth quarter. MML Investors Services LLC now owns 1,471,878 shares of the company’s stock valued at $25,993,000 after purchasing an additional 92,611 shares during the period.

VanEck Preferred Securities ex Financials ETF Trading Up 0.3%

PFXF stock opened at $17.79 on Friday. The company has a market cap of $2.43 billion, a P/E ratio of 0.59 and a beta of 0.62. VanEck Preferred Securities ex Financials ETF has a 52 week low of $17.03 and a 52 week high of $19.07. The company’s 50-day moving average price is $18.38 and its 200 day moving average price is $18.20.

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.