VanEck Preferred Securities ex Financials ETF $PFXF Holdings Trimmed by Fortis Capital Management LLC

Fortis Capital Management LLC reduced its position in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 54.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,912 shares of the company’s stock after selling 79,002 shares during the quarter. Fortis Capital Management LLC owned 0.06% of VanEck Preferred Securities ex Financials ETF worth $1,171,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its position in VanEck Preferred Securities ex Financials ETF by 8.2% during the third quarter. Envestnet Asset Management Inc. now owns 541,207 shares of the company’s stock valued at $9,617,000 after buying an additional 40,853 shares during the period. World Investment Advisors acquired a new stake in VanEck Preferred Securities ex Financials ETF during the 2nd quarter worth about $297,000. Meridian Financial Partners LLC grew its stake in VanEck Preferred Securities ex Financials ETF by 147.4% during the 3rd quarter. Meridian Financial Partners LLC now owns 84,576 shares of the company’s stock valued at $1,525,000 after acquiring an additional 50,396 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of VanEck Preferred Securities ex Financials ETF in the 3rd quarter valued at about $657,000. Finally, Rockefeller Capital Management L.P. lifted its position in shares of VanEck Preferred Securities ex Financials ETF by 11.4% in the second quarter. Rockefeller Capital Management L.P. now owns 67,940 shares of the company’s stock worth $1,163,000 after purchasing an additional 6,934 shares in the last quarter.

VanEck Preferred Securities ex Financials ETF Stock Performance

PFXF stock opened at $18.43 on Monday. The firm has a 50 day simple moving average of $18.16 and a 200 day simple moving average of $17.88. VanEck Preferred Securities ex Financials ETF has a 52 week low of $15.28 and a 52 week high of $18.57. The stock has a market cap of $2.17 billion, a P/E ratio of 0.59 and a beta of 0.60.

VanEck Preferred Securities ex Financials ETF Cuts Dividend

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

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