Stratos Wealth Partners LTD. cut its stake in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF – Free Report) by 50.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,634 shares of the company’s stock after selling 28,185 shares during the period. Stratos Wealth Partners LTD.’s holdings in VanEck Preferred Securities ex Financials ETF were worth $473,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Advisory Alpha LLC acquired a new stake in VanEck Preferred Securities ex Financials ETF during the first quarter worth approximately $309,000. Janney Montgomery Scott LLC lifted its position in VanEck Preferred Securities ex Financials ETF by 26.2% during the first quarter. Janney Montgomery Scott LLC now owns 27,922 shares of the company’s stock worth $468,000 after acquiring an additional 5,789 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in VanEck Preferred Securities ex Financials ETF by 5.3% during the first quarter. Envestnet Asset Management Inc. now owns 579,369 shares of the company’s stock worth $9,710,000 after acquiring an additional 28,975 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in VanEck Preferred Securities ex Financials ETF by 0.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 163,490 shares of the company’s stock worth $2,740,000 after acquiring an additional 1,320 shares during the last quarter. Finally, Cerity Partners LLC lifted its position in VanEck Preferred Securities ex Financials ETF by 19.0% during the first quarter. Cerity Partners LLC now owns 12,500 shares of the company’s stock worth $210,000 after acquiring an additional 2,000 shares during the last quarter.
VanEck Preferred Securities ex Financials ETF Stock Up 0.4%
Shares of PFXF stock opened at $17.93 on Friday. The firm has a 50 day moving average price of $17.84 and a two-hundred day moving average price of $17.24. The company has a market capitalization of $2.00 billion, a PE ratio of 0.59 and a beta of 0.62. VanEck Preferred Securities ex Financials ETF has a 12-month low of $15.28 and a 12-month high of $18.31.
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.
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