Cetera Investment Advisers Raises Stock Position in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

Cetera Investment Advisers increased its stake in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 40.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 77,471 shares of the company’s stock after acquiring an additional 22,322 shares during the quarter. Cetera Investment Advisers owned approximately 0.08% of VanEck Preferred Securities ex Financials ETF worth $1,336,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blair William & Co. IL increased its holdings in VanEck Preferred Securities ex Financials ETF by 31.8% in the 4th quarter. Blair William & Co. IL now owns 3,077 shares of the company’s stock worth $53,000 after acquiring an additional 743 shares in the last quarter. IFP Advisors Inc increased its holdings in VanEck Preferred Securities ex Financials ETF by 29.1% in the 4th quarter. IFP Advisors Inc now owns 9,802 shares of the company’s stock worth $169,000 after acquiring an additional 2,210 shares in the last quarter. Avantax Advisory Services Inc. purchased a new stake in VanEck Preferred Securities ex Financials ETF in the 4th quarter worth $175,000. Cerity Partners LLC purchased a new stake in VanEck Preferred Securities ex Financials ETF in the 4th quarter worth $181,000. Finally, Three Seasons Wealth LLC purchased a new stake in shares of VanEck Preferred Securities ex Financials ETF during the fourth quarter worth $208,000.

VanEck Preferred Securities ex Financials ETF Stock Down 1.9%

VanEck Preferred Securities ex Financials ETF stock opened at $16.70 on Thursday. VanEck Preferred Securities ex Financials ETF has a 52-week low of $15.28 and a 52-week high of $18.45. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 0.59 and a beta of 0.61. The company has a fifty day simple moving average of $16.49 and a 200-day simple moving average of $17.19.

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.