Mezzasalma Advisors LLC Buys 98,854 Shares of VanEck Preferred Securities ex Financials ETF $PFXF

Mezzasalma Advisors LLC lifted its position in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 840.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,614 shares of the company’s stock after acquiring an additional 98,854 shares during the period. Mezzasalma Advisors LLC owned approximately 0.10% of VanEck Preferred Securities ex Financials ETF worth $1,978,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Guggenheim Capital LLC grew its holdings in VanEck Preferred Securities ex Financials ETF by 6.5% during the second quarter. Guggenheim Capital LLC now owns 88,661 shares of the company’s stock valued at $1,518,000 after purchasing an additional 5,421 shares during the period. L2 Asset Management LLC raised its holdings in VanEck Preferred Securities ex Financials ETF by 1.3% in the second quarter. L2 Asset Management LLC now owns 267,021 shares of the company’s stock worth $4,571,000 after purchasing an additional 3,449 shares during the period. Qube Research & Technologies Ltd boosted its position in shares of VanEck Preferred Securities ex Financials ETF by 56.9% during the second quarter. Qube Research & Technologies Ltd now owns 4,111 shares of the company’s stock worth $70,000 after purchasing an additional 1,491 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of VanEck Preferred Securities ex Financials ETF by 5.0% during the second quarter. NewEdge Advisors LLC now owns 48,239 shares of the company’s stock worth $826,000 after purchasing an additional 2,315 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in shares of VanEck Preferred Securities ex Financials ETF in the 2nd quarter valued at $61,000.

VanEck Preferred Securities ex Financials ETF Price Performance

PFXF opened at $17.61 on Monday. VanEck Preferred Securities ex Financials ETF has a 12 month low of $15.28 and a 12 month high of $18.57. The company has a fifty day simple moving average of $18.07 and a 200 day simple moving average of $17.91. 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 Increases Dividend

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

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.