Envestnet Asset Management Inc. Boosts Holdings in VanEck Preferred Securities ex Financials ETF $PFXF

Envestnet Asset Management Inc. boosted its stake in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 8.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 541,207 shares of the company’s stock after purchasing an additional 40,853 shares during the period. Envestnet Asset Management Inc. owned approximately 0.48% of VanEck Preferred Securities ex Financials ETF worth $9,617,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Tanager Wealth Management LLP boosted its stake in shares of VanEck Preferred Securities ex Financials ETF by 12.6% in the third quarter. Tanager Wealth Management LLP now owns 1,286,346 shares of the company’s stock worth $22,858,000 after buying an additional 144,310 shares during the last quarter. Ocean Park Asset Management LLC acquired a new position in VanEck Preferred Securities ex Financials ETF in the third quarter valued at approximately $2,475,000. Quadrature Capital Ltd purchased a new stake in VanEck Preferred Securities ex Financials ETF in the 2nd quarter worth approximately $2,239,000. Creative Planning boosted its position in VanEck Preferred Securities ex Financials ETF by 521.6% in the 2nd quarter. Creative Planning now owns 89,642 shares of the company’s stock worth $1,535,000 after purchasing an additional 75,220 shares in the last quarter. Finally, Park Avenue Securities LLC grew its stake in shares of VanEck Preferred Securities ex Financials ETF by 20.1% during the 3rd quarter. Park Avenue Securities LLC now owns 373,812 shares of the company’s stock worth $6,643,000 after purchasing an additional 62,551 shares during the period.

VanEck Preferred Securities ex Financials ETF Price Performance

NYSEARCA:PFXF opened at $18.48 on Thursday. The company has a 50 day moving average price of $18.13 and a 200-day moving average price of $17.86. VanEck Preferred Securities ex Financials ETF has a 1-year low of $15.28 and a 1-year high of $18.57. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 0.59 and a beta of 0.60.

VanEck Preferred Securities ex Financials ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a $0.0485 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 3.1%.

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.