Apriem Advisors Has $435,000 Stock Position in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

Apriem Advisors cut its stake in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 15.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 25,200 shares of the company’s stock after selling 4,500 shares during the quarter. Apriem Advisors’ holdings in VanEck Preferred Securities ex Financials ETF were worth $435,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its position in VanEck Preferred Securities ex Financials ETF by 136.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,000 shares of the company’s stock valued at $808,000 after acquiring an additional 25,400 shares during the period. Arkadios Wealth Advisors bought a new position in shares of VanEck Preferred Securities ex Financials ETF during the third quarter valued at $201,000. Financial Advocates Investment Management acquired a new stake in shares of VanEck Preferred Securities ex Financials ETF in the 3rd quarter valued at $394,000. Silver Coast Investments LLC boosted its stake in shares of VanEck Preferred Securities ex Financials ETF by 5.2% in the 3rd quarter. Silver Coast Investments LLC now owns 270,736 shares of the company’s stock valued at $4,944,000 after purchasing an additional 13,313 shares in the last quarter. Finally, Chicago Partners Investment Group LLC grew its holdings in shares of VanEck Preferred Securities ex Financials ETF by 2.8% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 98,845 shares of the company’s stock worth $1,791,000 after purchasing an additional 2,695 shares during the last quarter.

VanEck Preferred Securities ex Financials ETF Stock Down 0.3 %

Shares of VanEck Preferred Securities ex Financials ETF stock opened at $17.40 on Thursday. The stock has a market capitalization of $1.62 billion, a P/E ratio of 0.59 and a beta of 0.51. VanEck Preferred Securities ex Financials ETF has a 12-month low of $16.77 and a 12-month high of $18.45. The company has a 50-day simple moving average of $17.42 and a 200 day simple moving average of $17.78.

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.