Powell Investment Advisors LLC Cuts Stake in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

Powell Investment Advisors LLC lessened its holdings in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 0.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 82,060 shares of the company’s stock after selling 738 shares during the quarter. VanEck Preferred Securities ex Financials ETF accounts for 0.8% of Powell Investment Advisors LLC’s investment portfolio, making the stock its 23rd biggest position. Powell Investment Advisors LLC owned 0.09% of VanEck Preferred Securities ex Financials ETF worth $1,452,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Global Retirement Partners LLC purchased a new position in shares of VanEck Preferred Securities ex Financials ETF in the fourth quarter worth about $26,000. McGlone Suttner Wealth Management Inc. bought a new stake in VanEck Preferred Securities ex Financials ETF in the fourth quarter valued at approximately $45,000. Howe & Rusling Inc. bought a new position in shares of VanEck Preferred Securities ex Financials ETF in the fourth quarter worth approximately $51,000. WealthShield Partners LLC boosted its position in VanEck Preferred Securities ex Financials ETF by 97.7% during the 4th quarter. WealthShield Partners LLC now owns 4,785 shares of the company’s stock valued at $82,000 after buying an additional 2,365 shares during the period. Finally, MeadowBrook Investment Advisors LLC purchased a new stake in VanEck Preferred Securities ex Financials ETF during the 4th quarter valued at $129,000.

VanEck Preferred Securities ex Financials ETF Stock Performance

Shares of VanEck Preferred Securities ex Financials ETF stock remained flat at $17.30 during trading on Friday. 442,016 shares of the stock were exchanged, compared to its average volume of 522,129. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 0.59 and a beta of 0.51. VanEck Preferred Securities ex Financials ETF has a one year low of $15.58 and a one year high of $18.07. The stock’s 50-day moving average is $17.34 and its two-hundred day moving average is $17.43.

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.