Burke & Herbert Bank & Trust Co. Purchases New Position in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

Burke & Herbert Bank & Trust Co. bought a new stake in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,720 shares of the company’s stock, valued at approximately $185,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Truist Financial Corp increased its stake in VanEck Preferred Securities ex Financials ETF by 1,153.7% during the fourth quarter. Truist Financial Corp now owns 143,549 shares of the company’s stock valued at $2,466,000 after acquiring an additional 132,099 shares during the period. Steward Partners Investment Advisory LLC boosted its position in shares of VanEck Preferred Securities ex Financials ETF by 24.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 102,129 shares of the company’s stock valued at $1,755,000 after acquiring an additional 19,976 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in VanEck Preferred Securities ex Financials ETF by 3.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 18,424 shares of the company’s stock valued at $317,000 after acquiring an additional 700 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in VanEck Preferred Securities ex Financials ETF by 3.4% in the first quarter. Massmutual Trust Co. FSB ADV now owns 23,240 shares of the company’s stock valued at $411,000 after acquiring an additional 761 shares during the period. Finally, Wealthcare Advisory Partners LLC raised its holdings in shares of VanEck Preferred Securities ex Financials ETF by 9.2% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 144,973 shares of the company’s stock worth $2,491,000 after buying an additional 12,226 shares in the last quarter.

VanEck Preferred Securities ex Financials ETF Trading Up 0.7 %

Shares of VanEck Preferred Securities ex Financials ETF stock opened at $17.23 on Wednesday. VanEck Preferred Securities ex Financials ETF has a 1-year low of $15.58 and a 1-year high of $18.07. The firm’s 50-day moving average price is $17.31 and its two-hundred day moving average price is $17.42. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 0.59 and a beta of 0.51.

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.