Patriot Investment Management Group Inc. Sells 2,551 Shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

Patriot Investment Management Group Inc. lowered its stake in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 7.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 31,263 shares of the company’s stock after selling 2,551 shares during the quarter. Patriot Investment Management Group Inc.’s holdings in VanEck Preferred Securities ex Financials ETF were worth $571,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of PFXF. Fisher Asset Management LLC bought a new stake in VanEck Preferred Securities ex Financials ETF in the 4th quarter valued at about $226,000. B. Riley Wealth Advisors Inc. purchased a new position in VanEck Preferred Securities ex Financials ETF in the 4th quarter valued at approximately $694,000. Massmutual Trust Co. FSB ADV raised its holdings in VanEck Preferred Securities ex Financials ETF by 3.4% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 23,240 shares of the company’s stock valued at $411,000 after acquiring an additional 761 shares during the period. Park Avenue Securities LLC lifted its position in shares of VanEck Preferred Securities ex Financials ETF by 43.1% during the first quarter. Park Avenue Securities LLC now owns 375,221 shares of the company’s stock worth $6,638,000 after acquiring an additional 113,000 shares in the last quarter. Finally, Worth Asset Management LLC bought a new position in shares of VanEck Preferred Securities ex Financials ETF in the first quarter worth $321,000.

VanEck Preferred Securities ex Financials ETF Stock Performance

NYSEARCA:PFXF opened at $18.26 on Monday. VanEck Preferred Securities ex Financials ETF has a 52-week low of $15.58 and a 52-week high of $18.45. The business’s fifty day moving average is $17.85 and its 200 day moving average is $17.52. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 0.59 and a beta of 0.51.

VanEck Preferred Securities ex Financials ETF 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.