Envestnet Asset Management Inc. Has $9.71 Million Holdings in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

Envestnet Asset Management Inc. increased its position in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 5.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 579,369 shares of the company’s stock after acquiring an additional 28,975 shares during the quarter. Envestnet Asset Management Inc. owned about 0.54% of VanEck Preferred Securities ex Financials ETF worth $9,710,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in VanEck Preferred Securities ex Financials ETF in the 4th quarter worth $42,967,000. LPL Financial LLC raised its holdings in VanEck Preferred Securities ex Financials ETF by 1.6% in the 4th quarter. LPL Financial LLC now owns 2,170,656 shares of the company’s stock worth $37,444,000 after acquiring an additional 34,281 shares during the period. Wells Fargo & Company MN raised its holdings in VanEck Preferred Securities ex Financials ETF by 28.2% in the 4th quarter. Wells Fargo & Company MN now owns 1,728,967 shares of the company’s stock worth $29,825,000 after acquiring an additional 379,894 shares during the period. MML Investors Services LLC increased its holdings in shares of VanEck Preferred Securities ex Financials ETF by 12.4% during the 4th quarter. MML Investors Services LLC now owns 1,069,869 shares of the company’s stock worth $18,455,000 after purchasing an additional 117,978 shares during the period. Finally, Stifel Financial Corp increased its holdings in shares of VanEck Preferred Securities ex Financials ETF by 9.3% during the 4th quarter. Stifel Financial Corp now owns 347,703 shares of the company’s stock worth $5,998,000 after purchasing an additional 29,641 shares during the period.

VanEck Preferred Securities ex Financials ETF Stock Performance

NYSEARCA:PFXF opened at $17.61 on Monday. The firm’s 50-day moving average is $17.06 and its 200-day moving average is $16.96. VanEck Preferred Securities ex Financials ETF has a 52-week low of $15.28 and a 52-week high of $18.45. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 0.59 and a beta of 0.62.

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.