Prevail Innovative Wealth Advisors LLC acquired a new stake in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 79,064 shares of the company’s stock, valued at approximately $1,396,000.
A number of other institutional investors have also recently added to or reduced their stakes in PFXF. Qube Research & Technologies Ltd increased its position in shares of VanEck Preferred Securities ex Financials ETF by 56.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 4,111 shares of the company’s stock valued at $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% during the second quarter. NewEdge Advisors LLC now owns 48,239 shares of the company’s stock valued at $826,000 after buying an additional 2,315 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in VanEck Preferred Securities ex Financials ETF during the second quarter worth about $61,000. MML Investors Services LLC grew its holdings in VanEck Preferred Securities ex Financials ETF by 4.9% during the second quarter. MML Investors Services LLC now owns 1,187,758 shares of the company’s stock worth $20,334,000 after acquiring an additional 55,727 shares during the period. Finally, Captrust Financial Advisors bought a new stake in VanEck Preferred Securities ex Financials ETF in the second quarter worth about $688,000.
VanEck Preferred Securities ex Financials ETF Trading Up 0.1%
Shares of NYSEARCA PFXF opened at $18.43 on Friday. VanEck Preferred Securities ex Financials ETF has a twelve month low of $16.61 and a twelve month high of $18.95. The firm has a 50-day moving average of $18.12 and a two-hundred day moving average of $18.02. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 0.59 and a beta of 0.62.
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. PFXF was launched on Jul 16, 2012 and is managed by VanEck.
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