MeadowBrook Investment Advisors LLC Makes New $129,000 Investment in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

MeadowBrook Investment Advisors LLC bought a new stake in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 7,535 shares of the company’s stock, valued at approximately $129,000.

A number of other institutional investors and hedge funds have also modified their holdings of PFXF. LPL Financial LLC boosted its holdings in VanEck Preferred Securities ex Financials ETF by 5.9% in the 3rd quarter. LPL Financial LLC now owns 1,351,116 shares of the company’s stock worth $22,712,000 after buying an additional 75,101 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in VanEck Preferred Securities ex Financials ETF by 1.0% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 1,207,947 shares of the company’s stock worth $20,753,000 after purchasing an additional 12,083 shares during the last quarter. RS Crum Inc. grew its holdings in shares of VanEck Preferred Securities ex Financials ETF by 389.1% during the third quarter. RS Crum Inc. now owns 1,132,112 shares of the company’s stock worth $19,031,000 after buying an additional 900,627 shares in the last quarter. Tanager Wealth Management LLP raised its position in shares of VanEck Preferred Securities ex Financials ETF by 11.5% in the third quarter. Tanager Wealth Management LLP now owns 955,170 shares of the company’s stock valued at $16,056,000 after buying an additional 98,697 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of VanEck Preferred Securities ex Financials ETF by 84.0% in the third quarter. Envestnet Asset Management Inc. now owns 758,522 shares of the company’s stock worth $12,751,000 after buying an additional 346,324 shares in the last quarter.

VanEck Preferred Securities ex Financials ETF Price Performance

NYSEARCA PFXF traded up $0.13 during trading hours on Monday, hitting $17.52. 745,949 shares of the company’s stock traded hands, compared to its average volume of 538,360. The company has a market capitalization of $1.63 billion, a PE ratio of 0.59 and a beta of 0.51. VanEck Preferred Securities ex Financials ETF has a 52-week low of $15.58 and a 52-week high of $18.07. The firm’s 50-day moving average is $17.49 and its 200-day moving average is $17.17.

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.