Tandem Financial LLC Takes Position in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

Tandem Financial LLC acquired a new position in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 32,423 shares of the company’s stock, valued at approximately $559,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PFXF. Darwin Wealth Management LLC acquired a new stake in VanEck Preferred Securities ex Financials ETF in the third quarter valued at $29,000. Decker Retirement Planning Inc. acquired a new position in shares of VanEck Preferred Securities ex Financials ETF during the 4th quarter worth approximately $42,000. MeadowBrook Investment Advisors LLC raised its stake in VanEck Preferred Securities ex Financials ETF by 11,741.3% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 7,460 shares of the company’s stock valued at $136,000 after acquiring an additional 7,397 shares during the period. Private Trust Co. NA lifted its holdings in VanEck Preferred Securities ex Financials ETF by 15.0% during the 3rd 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 last quarter. Finally, Arkadios Wealth Advisors bought a new position in VanEck Preferred Securities ex Financials ETF during the third quarter worth $201,000.

VanEck Preferred Securities ex Financials ETF Price Performance

Shares of PFXF opened at $17.40 on Friday. The firm has a market capitalization of $1.62 billion, a PE ratio of 0.59 and a beta of 0.51. The company’s 50-day moving average is $17.56 and its 200-day moving average is $17.77. VanEck Preferred Securities ex Financials ETF has a fifty-two week low of $16.77 and a fifty-two week high of $18.45.

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.