VanEck Preferred Securities ex Financials ETF $PFXF Holdings Trimmed by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its stake in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 65.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 48,196 shares of the company’s stock after selling 93,085 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in VanEck Preferred Securities ex Financials ETF were worth $851,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of PFXF. Bank of America Corp DE grew its holdings in shares of VanEck Preferred Securities ex Financials ETF by 36.7% during the 3rd quarter. Bank of America Corp DE now owns 4,140,671 shares of the company’s stock valued at $73,580,000 after acquiring an additional 1,111,754 shares in the last quarter. Apella Capital LLC bought a new stake in VanEck Preferred Securities ex Financials ETF in the fourth quarter worth $4,496,000. Blair William & Co. IL lifted its position in VanEck Preferred Securities ex Financials ETF by 8,489.4% during the 3rd quarter. Blair William & Co. IL now owns 171,788 shares of the company’s stock worth $3,053,000 after acquiring an additional 169,788 shares during the last quarter. Tanager Wealth Management LLP lifted its position in VanEck Preferred Securities ex Financials ETF by 12.6% during the 3rd quarter. Tanager Wealth Management LLP now owns 1,286,346 shares of the company’s stock worth $22,858,000 after acquiring an additional 144,310 shares during the last quarter. Finally, Ocean Park Asset Management LLC acquired a new position in VanEck Preferred Securities ex Financials ETF during the 3rd quarter worth $2,475,000.

VanEck Preferred Securities ex Financials ETF Stock Performance

Shares of PFXF opened at $18.36 on Monday. The company has a 50-day simple moving average of $18.02 and a 200-day simple moving average of $17.92. The firm has a market capitalization of $2.21 billion, a P/E ratio of 0.59 and a beta of 0.61. VanEck Preferred Securities ex Financials ETF has a 52 week low of $15.72 and a 52 week high of $18.57.

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.