Sowell Financial Services LLC Acquires 21,415 Shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

Sowell Financial Services LLC boosted its holdings in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 97.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,460 shares of the company’s stock after buying an additional 21,415 shares during the period. Sowell Financial Services LLC’s holdings in VanEck Preferred Securities ex Financials ETF were worth $750,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC bought a new position in VanEck Preferred Securities ex Financials ETF in the 3rd quarter worth approximately $29,000. Decker Retirement Planning Inc. bought a new position in VanEck Preferred Securities ex Financials ETF in the 4th quarter worth approximately $42,000. MeadowBrook Investment Advisors LLC increased its position 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 worth $136,000 after buying an additional 7,397 shares during the period. Private Trust Co. NA increased its position in shares of 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. Finally, IFP Advisors Inc increased its position in shares of 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.

VanEck Preferred Securities ex Financials ETF Trading Up 0.1 %

PFXF opened at $16.81 on Wednesday. The stock has a market cap of $1.56 billion, a PE ratio of 0.59 and a beta of 0.51. VanEck Preferred Securities ex Financials ETF has a 1 year low of $16.72 and a 1 year high of $18.45. The stock’s 50 day simple moving average is $17.33 and its 200-day simple moving average is $17.76.

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.