VanEck Preferred Securities ex Financials ETF $PFXF is Carmel Capital Partners LLC’s 6th Largest Position

Carmel Capital Partners LLC lowered its position in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 43.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 280,700 shares of the company’s stock after selling 214,213 shares during the quarter. VanEck Preferred Securities ex Financials ETF comprises about 2.1% of Carmel Capital Partners LLC’s portfolio, making the stock its 6th largest position. Carmel Capital Partners LLC owned about 0.25% of VanEck Preferred Securities ex Financials ETF worth $4,988,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in PFXF. Tanager Wealth Management LLP raised 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 purchasing an additional 144,310 shares during the last quarter. MML Investors Services LLC raised its position in VanEck Preferred Securities ex Financials ETF by 4.9% during the 2nd quarter. MML Investors Services LLC now owns 1,187,758 shares of the company’s stock worth $20,334,000 after buying an additional 55,727 shares during the last quarter. Park Avenue Securities LLC raised its position in 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 buying an additional 62,551 shares during the last quarter. Concurrent Investment Advisors LLC lifted its stake in VanEck Preferred Securities ex Financials ETF by 4.6% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 333,264 shares of the company’s stock valued at $5,922,000 after acquiring an additional 14,578 shares during the period. Finally, Silver Coast Investments LLC boosted its holdings in shares of VanEck Preferred Securities ex Financials ETF by 1.4% in the 2nd quarter. Silver Coast Investments LLC now owns 288,427 shares of the company’s stock valued at $4,938,000 after acquiring an additional 3,996 shares during the last quarter.

VanEck Preferred Securities ex Financials ETF Price Performance

NYSEARCA:PFXF opened at $18.47 on Friday. The company’s fifty day moving average price is $17.81 and its 200-day moving average price is $17.75. VanEck Preferred Securities ex Financials ETF has a 1-year low of $15.28 and a 1-year high of $18.54. The firm has a market capitalization of $2.14 billion, a P/E ratio of 0.59 and a beta of 0.60.

About VanEck Preferred Securities ex Financials ETF

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.