Capital Square LLC Decreases Stake in VanEck Preferred Securities ex Financials ETF $PFXF

Capital Square LLC cut its position in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 14.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 233,334 shares of the company’s stock after selling 37,856 shares during the quarter. VanEck Preferred Securities ex Financials ETF comprises 1.8% of Capital Square LLC’s investment portfolio, making the stock its 8th biggest position. Capital Square LLC owned about 0.17% of VanEck Preferred Securities ex Financials ETF worth $4,158,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Bank of America Corp DE grew its position in shares of VanEck Preferred Securities ex Financials ETF by 36.7% during the 3rd quarter. Bank of America Corp DE now owns 4,140,671 shares of the company’s stock valued at $73,580,000 after purchasing an additional 1,111,754 shares in the last quarter. Wealth Intelligence LLC purchased a new stake in shares of VanEck Preferred Securities ex Financials ETF in the fourth quarter worth $11,006,000. Dougherty & Associates LLC purchased a new stake in shares of VanEck Preferred Securities ex Financials ETF in the fourth quarter worth $8,505,000. UBS Group AG boosted its stake in VanEck Preferred Securities ex Financials ETF by 193.2% during the fourth quarter. UBS Group AG now owns 615,097 shares of the company’s stock valued at $10,863,000 after buying an additional 405,277 shares during the period. Finally, LPL Financial LLC boosted its stake in VanEck Preferred Securities ex Financials ETF by 8.5% during the fourth quarter. LPL Financial LLC now owns 2,961,370 shares of the company’s stock valued at $52,298,000 after buying an additional 232,745 shares during the period.

VanEck Preferred Securities ex Financials ETF Price Performance

VanEck Preferred Securities ex Financials ETF stock opened at $17.97 on Monday. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 0.59 and a beta of 0.62. The business has a 50-day simple moving average of $17.88 and a 200 day simple moving average of $18.12. VanEck Preferred Securities ex Financials ETF has a 52 week low of $17.03 and a 52 week 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.