Sound Income Strategies LLC Has $4.61 Million Stake in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

Sound Income Strategies LLC grew its position in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 9.4% in the first quarter, HoldingsChannel.com reports. The fund owned 260,543 shares of the company’s stock after buying an additional 22,372 shares during the quarter. Sound Income Strategies LLC’s holdings in VanEck Preferred Securities ex Financials ETF were worth $4,609,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Global Retirement Partners LLC bought a new position in VanEck Preferred Securities ex Financials ETF in the 4th quarter valued at $26,000. McGlone Suttner Wealth Management Inc. bought a new stake in VanEck Preferred Securities ex Financials ETF during the 4th quarter worth about $45,000. Howe & Rusling Inc. acquired a new stake in VanEck Preferred Securities ex Financials ETF in the 4th quarter valued at about $51,000. WealthShield Partners LLC raised its stake in shares of VanEck Preferred Securities ex Financials ETF by 97.7% in the fourth quarter. WealthShield Partners LLC now owns 4,785 shares of the company’s stock worth $82,000 after acquiring an additional 2,365 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC bought a new position in shares of VanEck Preferred Securities ex Financials ETF in the fourth quarter worth about $129,000.

VanEck Preferred Securities ex Financials ETF Trading Up 0.2 %

Shares of PFXF traded up $0.03 during mid-day trading on Wednesday, hitting $17.33. 273,236 shares of the company traded hands, compared to its average volume of 524,478. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 0.59 and a beta of 0.51. The business has a 50-day moving average of $17.33 and a 200 day moving average of $17.43. VanEck Preferred Securities ex Financials ETF has a one year low of $15.58 and a one year high of $18.07.

About VanEck Preferred Securities ex Financials ETF

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.