Commonwealth Equity Services LLC Raises Position in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

Commonwealth Equity Services LLC raised its stake in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 456,616 shares of the company’s stock after purchasing an additional 8,751 shares during the period. Commonwealth Equity Services LLC’s holdings in VanEck Preferred Securities ex Financials ETF were worth $7,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Darwin Wealth Management LLC purchased a new stake in VanEck Preferred Securities ex Financials ETF during the third quarter valued at approximately $29,000. Decker Retirement Planning Inc. purchased a new stake in VanEck Preferred Securities ex Financials ETF during the fourth quarter valued at approximately $42,000. Private Trust Co. NA raised its position in VanEck Preferred Securities ex Financials ETF by 15.0% during the third quarter. Private Trust Co. NA now owns 8,528 shares of the company’s stock valued at $156,000 after purchasing an additional 1,112 shares during the period. IFP Advisors Inc raised its position in VanEck Preferred Securities ex Financials ETF by 29.1% during the fourth quarter. IFP Advisors Inc now owns 9,802 shares of the company’s stock valued at $169,000 after purchasing an additional 2,210 shares during the period. Finally, Avantax Advisory Services Inc. purchased a new stake in VanEck Preferred Securities ex Financials ETF during the fourth quarter valued at approximately $175,000.

VanEck Preferred Securities ex Financials ETF Stock Performance

Shares of NYSEARCA PFXF opened at $17.13 on Friday. The business’s 50 day moving average price is $17.28 and its 200-day moving average price is $17.72. VanEck Preferred Securities ex Financials ETF has a fifty-two week low of $16.72 and a fifty-two week high of $18.45. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 0.59 and a beta of 0.70.

VanEck Preferred Securities ex Financials ETF 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.