1834 Investment Advisors Co. cut its holdings in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF – Free Report) by 39.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,684 shares of the company’s stock after selling 10,775 shares during the period. 1834 Investment Advisors Co.’s holdings in VanEck Preferred Securities ex Financials ETF were worth $305,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of PFXF. Geneos Wealth Management Inc. grew its stake in VanEck Preferred Securities ex Financials ETF by 3.4% in the first quarter. Geneos Wealth Management Inc. now owns 19,044 shares of the company’s stock worth $337,000 after purchasing an additional 620 shares in the last quarter. Howard Wealth Management LLC grew its stake in VanEck Preferred Securities ex Financials ETF by 5.5% in the first quarter. Howard Wealth Management LLC now owns 32,267 shares of the company’s stock worth $571,000 after purchasing an additional 1,682 shares in the last quarter. NTV Asset Management LLC grew its stake in VanEck Preferred Securities ex Financials ETF by 5.2% in the first quarter. NTV Asset Management LLC now owns 128,716 shares of the company’s stock worth $2,277,000 after purchasing an additional 6,367 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in VanEck Preferred Securities ex Financials ETF by 6.1% in the first quarter. Avantax Advisory Services Inc. now owns 11,809 shares of the company’s stock worth $209,000 after purchasing an additional 682 shares in the last quarter. Finally, Balanced Rock Investment Advisors LLC acquired a new position in VanEck Preferred Securities ex Financials ETF in the first quarter worth about $304,000.
VanEck Preferred Securities ex Financials ETF Stock Performance
NYSEARCA:PFXF opened at $18.02 on Thursday. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 0.59 and a beta of 0.51. VanEck Preferred Securities ex Financials ETF has a one year low of $16.18 and a one year high of $18.45. The stock has a 50-day simple moving average of $18.12 and a 200 day simple moving average of $17.62.
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.
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