Mirae Asset Global Investments Co. Ltd. Takes $657,000 Position in VanEck Preferred Securities ex Financials ETF $PFXF

Mirae Asset Global Investments Co. Ltd. bought a new position in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 37,000 shares of the company’s stock, valued at approximately $657,000.

Several other hedge funds have also added to or reduced their stakes in PFXF. Capital Advisors Ltd. LLC bought a new position in shares of VanEck Preferred Securities ex Financials ETF during the second quarter valued at about $26,000. Simplex Trading LLC boosted its holdings in VanEck Preferred Securities ex Financials ETF by 97.2% during the 2nd quarter. Simplex Trading LLC now owns 1,597 shares of the company’s stock valued at $27,000 after acquiring an additional 787 shares during the period. Allworth Financial LP bought a new position in VanEck Preferred Securities ex Financials ETF during the 2nd quarter worth approximately $29,000. Root Financial Partners LLC bought a new position in VanEck Preferred Securities ex Financials ETF during the 3rd quarter worth approximately $33,000. Finally, Darwin Wealth Management LLC purchased a new position in VanEck Preferred Securities ex Financials ETF in the 2nd quarter worth approximately $61,000.

VanEck Preferred Securities ex Financials ETF Stock Performance

NYSEARCA:PFXF opened at $18.04 on Friday. The firm has a market cap of $2.13 billion, a PE ratio of 0.59 and a beta of 0.60. VanEck Preferred Securities ex Financials ETF has a fifty-two week low of $15.28 and a fifty-two week high of $18.54. The business has a 50 day moving average price of $18.00 and a 200-day moving average price of $17.81.

VanEck Preferred Securities ex Financials ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were given a dividend of $0.0485 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a yield of 3.2%.

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. PFXF was launched on Jul 16, 2012 and is managed by VanEck.