International Assets Investment Management LLC Acquires Shares of 14,706 VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

International Assets Investment Management LLC purchased a new position in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,706 shares of the company’s stock, valued at approximately $253,000.

A number of other hedge funds have also made changes to their positions in PFXF. RS Crum Inc. lifted its position in shares of VanEck Preferred Securities ex Financials ETF by 389.1% in the third quarter. RS Crum Inc. now owns 1,132,112 shares of the company’s stock worth $19,031,000 after purchasing an additional 900,627 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of VanEck Preferred Securities ex Financials ETF by 44.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 1,195,864 shares of the company’s stock worth $20,102,000 after purchasing an additional 365,180 shares in the last quarter. Envestnet Asset Management Inc. raised its position in VanEck Preferred Securities ex Financials ETF by 84.0% during the third quarter. Envestnet Asset Management Inc. now owns 758,522 shares of the company’s stock valued at $12,751,000 after acquiring an additional 346,324 shares in the last quarter. Raymond James & Associates raised its position in VanEck Preferred Securities ex Financials ETF by 231.8% during the third quarter. Raymond James & Associates now owns 446,074 shares of the company’s stock valued at $7,499,000 after acquiring an additional 311,634 shares in the last quarter. Finally, Tanager Wealth Management LLP raised its position in VanEck Preferred Securities ex Financials ETF by 11.5% during the third quarter. Tanager Wealth Management LLP now owns 955,170 shares of the company’s stock valued at $16,056,000 after acquiring an additional 98,697 shares in the last quarter.

VanEck Preferred Securities ex Financials ETF Stock Performance

Shares of PFXF opened at $17.01 on Friday. The firm has a market cap of $1.57 billion, a PE ratio of 0.59 and a beta of 0.51. The firm’s 50 day moving average price is $17.52 and its 200 day moving average price is $17.13. VanEck Preferred Securities ex Financials ETF has a twelve month low of $15.58 and a twelve month high of $18.07.

VanEck Preferred Securities ex Financials ETF 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.