Raymond James & Associates Invests $2.38 Million in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

Raymond James & Associates purchased a new position in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 134,440 shares of the company’s stock, valued at approximately $2,376,000. Raymond James & Associates owned about 0.22% of VanEck Preferred Securities ex Financials ETF at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of PFXF. Money Concepts Capital Corp bought a new stake in VanEck Preferred Securities ex Financials ETF in the fourth quarter worth $37,000. Ridgewood Investments LLC bought a new stake in VanEck Preferred Securities ex Financials ETF during the first quarter valued at about $40,000. Retirement Group LLC boosted its holdings in VanEck Preferred Securities ex Financials ETF by 58.9% during the fourth quarter. Retirement Group LLC now owns 2,989 shares of the company’s stock valued at $50,000 after acquiring an additional 1,108 shares during the period. Citigroup Inc. boosted its holdings in VanEck Preferred Securities ex Financials ETF by 64.6% during the fourth quarter. Citigroup Inc. now owns 4,427 shares of the company’s stock valued at $74,000 after acquiring an additional 1,738 shares during the period. Finally, US Bancorp DE bought a new stake in VanEck Preferred Securities ex Financials ETF during the first quarter valued at about $127,000.

VanEck Preferred Securities ex Financials ETF Stock Performance

PFXF stock opened at $15.70 on Monday. VanEck Preferred Securities ex Financials ETF has a 52-week low of $15.58 and a 52-week high of $18.61. The company has a 50-day moving average of $16.60 and a two-hundred day moving average of $17.07.

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.