Private Advisor Group LLC Boosts Holdings in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

Private Advisor Group LLC grew its stake in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 5.0% during the fourth quarter, HoldingsChannel reports. The firm owned 152,765 shares of the company’s stock after purchasing an additional 7,327 shares during the quarter. Private Advisor Group LLC’s holdings in VanEck Preferred Securities ex Financials ETF were worth $2,635,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James & Associates boosted its position in VanEck Preferred Securities ex Financials ETF by 5.6% during the 3rd quarter. Raymond James & Associates now owns 744,984 shares of the company’s stock valued at $13,603,000 after acquiring an additional 39,667 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in VanEck Preferred Securities ex Financials ETF by 136.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,000 shares of the company’s stock worth $808,000 after purchasing an additional 25,400 shares during the period. Arkadios Wealth Advisors purchased a new stake in VanEck Preferred Securities ex Financials ETF in the third quarter worth $201,000. Financial Advocates Investment Management bought a new position in VanEck Preferred Securities ex Financials ETF in the third quarter worth $394,000. Finally, Silver Coast Investments LLC lifted its position in VanEck Preferred Securities ex Financials ETF by 5.2% during the third quarter. Silver Coast Investments LLC now owns 270,736 shares of the company’s stock valued at $4,944,000 after buying an additional 13,313 shares during the period.

VanEck Preferred Securities ex Financials ETF Price Performance

NYSEARCA:PFXF opened at $17.39 on Tuesday. The firm’s 50-day moving average price is $17.43 and its 200-day moving average price is $17.78. The company has a market capitalization of $1.62 billion, a PE ratio of 0.59 and a beta of 0.51. VanEck Preferred Securities ex Financials ETF has a 1-year low of $16.77 and a 1-year high of $18.45.

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.