Janney Montgomery Scott LLC Buys 53,468 Shares of VanEck Preferred Securities ex Financials ETF $PFXF

Janney Montgomery Scott LLC raised its position in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 169.5% during the first quarter, HoldingsChannel reports. The firm owned 85,014 shares of the company’s stock after purchasing an additional 53,468 shares during the period. Janney Montgomery Scott LLC’s holdings in VanEck Preferred Securities ex Financials ETF were worth $1,491,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. International Assets Investment Management LLC bought a new position in VanEck Preferred Securities ex Financials ETF during the 4th quarter valued at approximately $38,000. High Point Wealth Management LLC bought a new position in shares of VanEck Preferred Securities ex Financials ETF in the fourth quarter worth approximately $50,000. Allworth Financial LP grew its holdings in shares of VanEck Preferred Securities ex Financials ETF by 72.0% during the third quarter. Allworth Financial LP now owns 2,913 shares of the company’s stock valued at $52,000 after buying an additional 1,219 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of VanEck Preferred Securities ex Financials ETF by 1,338.7% during the third quarter. JPMorgan Chase & Co. now owns 2,935 shares of the company’s stock valued at $52,000 after acquiring an additional 2,731 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new position in VanEck Preferred Securities ex Financials ETF in the 2nd quarter worth approximately $61,000.

VanEck Preferred Securities ex Financials ETF Trading Up 0.2%

PFXF stock opened at $17.82 on Friday. The stock has a market capitalization of $2.44 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 $17.03 and a 12-month high of $19.07. The stock’s 50 day simple moving average is $18.37 and its 200 day simple moving average is $18.19.

About VanEck Preferred Securities ex Financials ETF

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.