MeadowBrook Investment Advisors LLC Buys Shares of 7,535 VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

MeadowBrook Investment Advisors LLC purchased a new position in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 7,535 shares of the company’s stock, valued at approximately $129,000.

A number of other hedge funds have also made changes to their positions in PFXF. LPL Financial LLC increased its position in shares of VanEck Preferred Securities ex Financials ETF by 5.9% during the third quarter. LPL Financial LLC now owns 1,351,116 shares of the company’s stock valued at $22,712,000 after purchasing an additional 75,101 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in VanEck Preferred Securities ex Financials ETF by 1.0% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 1,207,947 shares of the company’s stock valued at $20,753,000 after buying an additional 12,083 shares during the period. RS Crum Inc. raised its stake in shares of VanEck Preferred Securities ex Financials ETF by 389.1% in the 3rd quarter. RS Crum Inc. now owns 1,132,112 shares of the company’s stock valued at $19,031,000 after buying an additional 900,627 shares in the last quarter. Tanager Wealth Management LLP lifted its holdings in shares of VanEck Preferred Securities ex Financials ETF by 11.5% during the 3rd quarter. Tanager Wealth Management LLP now owns 955,170 shares of the company’s stock worth $16,056,000 after acquiring an additional 98,697 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in shares of VanEck Preferred Securities ex Financials ETF by 84.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 758,522 shares of the company’s stock valued at $12,751,000 after purchasing an additional 346,324 shares during the period.

VanEck Preferred Securities ex Financials ETF Stock Up 0.7 %

VanEck Preferred Securities ex Financials ETF stock traded up $0.13 during mid-day trading on Monday, hitting $17.52. 745,949 shares of the company were exchanged, compared to its average volume of 538,360. VanEck Preferred Securities ex Financials ETF has a 1-year low of $15.58 and a 1-year high of $18.07. The business has a fifty day moving average of $17.49 and a 200 day moving average of $17.17. The company has a market capitalization of $1.63 billion, a PE ratio of 0.59 and a beta of 0.51.

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.