Harbour Investments Inc. raised its stake in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF – Free Report) by 5,666.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 17,300 shares of the company’s stock after buying an additional 17,000 shares during the period. Harbour Investments Inc.’s holdings in VanEck Preferred Securities ex Financials ETF were worth $316,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Register Financial Advisors LLC lifted its holdings in shares of VanEck Preferred Securities ex Financials ETF by 6.5% in the second quarter. Register Financial Advisors LLC now owns 10,114 shares of the company’s stock valued at $175,000 after buying an additional 614 shares during the period. Burke & Herbert Bank & Trust Co. acquired a new stake in VanEck Preferred Securities ex Financials ETF in the 2nd quarter valued at about $185,000. Arkadios Wealth Advisors bought a new position in shares of VanEck Preferred Securities ex Financials ETF during the 3rd quarter valued at about $201,000. Avantax Advisory Services Inc. grew its stake in shares of VanEck Preferred Securities ex Financials ETF by 6.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 11,809 shares of the company’s stock worth $209,000 after purchasing an additional 682 shares during the last quarter. Finally, Drucker Wealth 3.0 LLC bought a new stake in shares of VanEck Preferred Securities ex Financials ETF in the 2nd quarter worth approximately $219,000.
VanEck Preferred Securities ex Financials ETF Stock Performance
Shares of NYSEARCA:PFXF opened at $17.98 on Monday. The stock 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 1-year low of $16.57 and a 1-year high of $18.45. The company has a 50 day moving average price of $18.17 and a 200 day moving average price of $17.68.
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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