Truist Financial Corp raised its holdings in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF – Free Report) by 1,153.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 143,549 shares of the company’s stock after purchasing an additional 132,099 shares during the quarter. Truist Financial Corp’s holdings in VanEck Preferred Securities ex Financials ETF were worth $2,466,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. NBC Securities Inc. purchased a new position in shares of VanEck Preferred Securities ex Financials ETF during the 3rd quarter valued at approximately $25,000. Global Retirement Partners LLC bought a new position in VanEck Preferred Securities ex Financials ETF during the 4th quarter valued at $26,000. McGlone Suttner Wealth Management Inc. acquired a new position in VanEck Preferred Securities ex Financials ETF during the 4th quarter worth $45,000. WealthShield Partners LLC increased its position in shares of VanEck Preferred Securities ex Financials ETF by 97.7% in the 4th quarter. WealthShield Partners LLC now owns 4,785 shares of the company’s stock worth $82,000 after purchasing an additional 2,365 shares during the last quarter. Finally, CWM LLC increased its position in shares of VanEck Preferred Securities ex Financials ETF by 7.8% in the 4th quarter. CWM LLC now owns 8,300 shares of the company’s stock worth $143,000 after purchasing an additional 600 shares during the last quarter.
VanEck Preferred Securities ex Financials ETF Stock Performance
Shares of PFXF stock opened at $17.32 on Thursday. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 0.59 and a beta of 0.51. VanEck Preferred Securities ex Financials ETF has a one year low of $15.58 and a one year high of $18.07. The company’s 50-day simple moving average is $17.48 and its 200-day simple moving average is $17.20.
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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