Sax Wealth Advisors LLC Raises Stock Holdings in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

Sax Wealth Advisors LLC grew its stake in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,396 shares of the company’s stock after acquiring an additional 1,837 shares during the period. Sax Wealth Advisors LLC’s holdings in VanEck Preferred Securities ex Financials ETF were worth $3,302,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Darwin Wealth Management LLC bought a new position in VanEck Preferred Securities ex Financials ETF in the third quarter worth about $29,000. Decker Retirement Planning Inc. bought a new stake in shares of VanEck Preferred Securities ex Financials ETF in the 4th quarter worth approximately $42,000. MeadowBrook Investment Advisors LLC boosted its position in VanEck Preferred Securities ex Financials ETF by 11,741.3% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 7,460 shares of the company’s stock valued at $136,000 after purchasing an additional 7,397 shares during the period. Private Trust Co. NA grew its stake in VanEck Preferred Securities ex Financials ETF by 15.0% during the 3rd quarter. Private Trust Co. NA now owns 8,528 shares of the company’s stock worth $156,000 after buying an additional 1,112 shares during the last quarter. Finally, Meridian Financial Partners LLC acquired a new stake in VanEck Preferred Securities ex Financials ETF in the fourth quarter worth $196,000.

VanEck Preferred Securities ex Financials ETF Stock Performance

PFXF stock opened at $17.44 on Friday. The stock’s fifty day moving average is $17.69 and its two-hundred day moving average is $17.75. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 0.59 and a beta of 0.51. VanEck Preferred Securities ex Financials ETF has a 1 year low of $16.77 and a 1 year high of $18.45.

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.