Apella Capital LLC Purchases Shares of 254,565 VanEck Preferred Securities ex Financials ETF $PFXF

Apella Capital LLC purchased a new stake in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 254,565 shares of the company’s stock, valued at approximately $4,496,000. Apella Capital LLC owned approximately 0.22% of VanEck Preferred Securities ex Financials ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PFXF. Root Financial Partners LLC purchased a new stake in shares of VanEck Preferred Securities ex Financials ETF during the 3rd quarter valued at about $33,000. JPMorgan Chase & Co. raised its holdings in shares of VanEck Preferred Securities ex Financials ETF by 1,338.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,935 shares of the company’s stock valued at $52,000 after buying an additional 2,731 shares during the period. Allworth Financial LP raised its holdings in shares of VanEck Preferred Securities ex Financials ETF by 72.0% during the 3rd quarter. Allworth Financial LP now owns 2,913 shares of the company’s stock valued at $52,000 after buying an additional 1,219 shares during the period. Darwin Wealth Management LLC purchased a new stake in shares of VanEck Preferred Securities ex Financials ETF during the 2nd quarter valued at about $61,000. Finally, Qube Research & Technologies Ltd raised its holdings in shares of VanEck Preferred Securities ex Financials ETF by 56.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 4,111 shares of the company’s stock valued at $70,000 after buying an additional 1,491 shares during the period.

VanEck Preferred Securities ex Financials ETF Stock Performance

Shares of NYSEARCA:PFXF opened at $17.63 on Wednesday. The company has a market cap of $2.13 billion, a P/E ratio of 0.59 and a beta of 0.61. VanEck Preferred Securities ex Financials ETF has a one year low of $15.28 and a one year high of $18.57. The business’s 50-day simple moving average is $18.04 and its 200 day simple moving average is $17.90.

VanEck Preferred Securities ex Financials ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.0951 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 6.5%. This is a boost from VanEck Preferred Securities ex Financials ETF’s previous monthly dividend of $0.05.

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.