Independent Financial Group LLC Purchases Shares of 110,391 VanEck Preferred Securities ex Financials ETF $PFXF

Independent Financial Group LLC acquired a new position in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 110,391 shares of the company’s stock, valued at approximately $1,936,000. Independent Financial Group LLC owned about 0.09% of VanEck Preferred Securities ex Financials ETF as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the company. Qube Research & Technologies Ltd increased its stake in shares of VanEck Preferred Securities ex Financials ETF by 56.9% during the second quarter. Qube Research & Technologies Ltd now owns 4,111 shares of the company’s stock worth $70,000 after purchasing an additional 1,491 shares during the period. NewEdge Advisors LLC boosted its stake in VanEck Preferred Securities ex Financials ETF by 5.0% in the 2nd quarter. NewEdge Advisors LLC now owns 48,239 shares of the company’s stock valued at $826,000 after purchasing an additional 2,315 shares during the period. Darwin Wealth Management LLC acquired a new position in VanEck Preferred Securities ex Financials ETF in the 2nd quarter valued at $61,000. MML Investors Services LLC grew its holdings in VanEck Preferred Securities ex Financials ETF by 4.9% in the 2nd quarter. MML Investors Services LLC now owns 1,187,758 shares of the company’s stock valued at $20,334,000 after buying an additional 55,727 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new position in VanEck Preferred Securities ex Financials ETF in the 2nd quarter valued at $688,000.

VanEck Preferred Securities ex Financials ETF Price Performance

PFXF stock opened at $17.47 on Monday. VanEck Preferred Securities ex Financials ETF has a fifty-two week low of $17.03 and a fifty-two week high of $19.07. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 0.59 and a beta of 0.62. The business’s fifty day moving average price is $18.27 and its two-hundred day moving average price is $18.19.

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.