Raymond James Financial Services Advisors Inc. purchased a new stake in shares of VanEck Vectors Preferred Securities ex Financials ETF (NYSEARCA:PFXF) during the first quarter, Holdings Channel reports. The institutional investor purchased 24,721 shares of the company’s stock, valued at approximately $480,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Morgan Stanley raised its holdings in VanEck Vectors Preferred Securities ex Financials ETF by 12.1% during the third quarter. Morgan Stanley now owns 229,532 shares of the company’s stock worth $4,458,000 after purchasing an additional 24,710 shares in the last quarter. Bank of Montreal Can bought a new stake in VanEck Vectors Preferred Securities ex Financials ETF during the fourth quarter worth approximately $93,000. BB&T Securities LLC raised its holdings in VanEck Vectors Preferred Securities ex Financials ETF by 81.1% during the fourth quarter. BB&T Securities LLC now owns 30,726 shares of the company’s stock worth $544,000 after purchasing an additional 13,764 shares in the last quarter. NEXT Financial Group Inc raised its holdings in VanEck Vectors Preferred Securities ex Financials ETF by 225.6% during the fourth quarter. NEXT Financial Group Inc now owns 8,499 shares of the company’s stock worth $151,000 after purchasing an additional 5,889 shares in the last quarter. Finally, Raymond James & Associates bought a new stake in VanEck Vectors Preferred Securities ex Financials ETF during the fourth quarter worth approximately $270,000.

Shares of NYSEARCA:PFXF opened at $19.63 on Friday. VanEck Vectors Preferred Securities ex Financials ETF has a 12 month low of $17.20 and a 12 month high of $19.84.

The company also recently announced a monthly dividend, which was paid on Friday, June 7th. Investors of record on Tuesday, June 4th were issued a dividend of $0.0959 per share. This is a boost from VanEck Vectors Preferred Securities ex Financials ETF’s previous monthly dividend of $0.06. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $1.15 annualized dividend and a yield of 5.86%.

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Want to see what other hedge funds are holding PFXF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Vectors Preferred Securities ex Financials ETF (NYSEARCA:PFXF).

Institutional Ownership by Quarter for VanEck Vectors Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

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