VanEck Preferred Securities ex Financials ETF $PFXF Stock Position Raised by Royal Bank of Canada

Royal Bank of Canada increased its holdings in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 47.5% during the 1st quarter, Holdings Channel.com reports. The fund owned 484,045 shares of the company’s stock after buying an additional 155,882 shares during the period. Royal Bank of Canada’s holdings in VanEck Preferred Securities ex Financials ETF were worth $8,491,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of PFXF. International Assets Investment Management LLC bought a new position in shares of VanEck Preferred Securities ex Financials ETF during the fourth quarter valued at approximately $38,000. High Point Wealth Management LLC bought a new stake in shares of VanEck Preferred Securities ex Financials ETF in the 4th quarter worth approximately $50,000. JPMorgan Chase & Co. lifted its holdings in shares of VanEck Preferred Securities ex Financials ETF by 1,338.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,935 shares of the company’s stock worth $52,000 after purchasing an additional 2,731 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in VanEck Preferred Securities ex Financials ETF during the 2nd quarter valued at approximately $61,000. Finally, Qube Research & Technologies Ltd boosted its position in 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.

VanEck Preferred Securities ex Financials ETF Price Performance

Shares of PFXF opened at $18.03 on Tuesday. The company has a market cap of $2.47 billion, a P/E ratio of 0.59 and a beta of 0.62. The stock has a fifty day moving average price of $17.97 and a 200 day moving average price of $18.14. VanEck Preferred Securities ex Financials ETF has a 12 month low of $17.03 and a 12 month high of $19.07.

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.