VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Position Lessened by Fortis Capital Management LLC

Fortis Capital Management LLC lowered its stake in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 4.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 194,628 shares of the company’s stock after selling 9,133 shares during the quarter. Fortis Capital Management LLC owned approximately 0.21% of VanEck Preferred Securities ex Financials ETF worth $3,357,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of VanEck Preferred Securities ex Financials ETF during the fourth quarter valued at $42,967,000. MML Investors Services LLC lifted its position in VanEck Preferred Securities ex Financials ETF by 19.7% in the 3rd quarter. MML Investors Services LLC now owns 951,891 shares of the company’s stock valued at $17,382,000 after purchasing an additional 156,434 shares during the last quarter. Stifel Financial Corp boosted its stake in VanEck Preferred Securities ex Financials ETF by 84.7% during the 3rd quarter. Stifel Financial Corp now owns 318,062 shares of the company’s stock valued at $5,808,000 after purchasing an additional 145,848 shares during the period. Jones Financial Companies Lllp grew its position in VanEck Preferred Securities ex Financials ETF by 109.7% in the 4th quarter. Jones Financial Companies Lllp now owns 103,766 shares of the company’s stock worth $1,790,000 after purchasing an additional 54,285 shares during the last quarter. Finally, Tanager Wealth Management LLP increased its stake in shares of VanEck Preferred Securities ex Financials ETF by 3.7% in the fourth quarter. Tanager Wealth Management LLP now owns 1,310,146 shares of the company’s stock valued at $22,600,000 after purchasing an additional 46,397 shares during the period.

VanEck Preferred Securities ex Financials ETF Trading Up 0.2 %

Shares of NYSEARCA PFXF opened at $17.17 on Friday. VanEck Preferred Securities ex Financials ETF has a 12-month low of $16.72 and a 12-month high of $18.45. The company has a market cap of $1.90 billion, a PE ratio of 0.59 and a beta of 0.70. The stock has a 50 day simple moving average of $17.29 and a 200-day simple moving average of $17.72.

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.