Apollon Wealth Management LLC Acquires 30,348 Shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

Apollon Wealth Management LLC grew its position in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 65.5% in the 3rd quarter, Holdings Channel reports. The firm owned 76,714 shares of the company’s stock after acquiring an additional 30,348 shares during the quarter. Apollon Wealth Management LLC’s holdings in VanEck Preferred Securities ex Financials ETF were worth $1,401,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Avantax Advisory Services Inc. raised its stake in shares of VanEck Preferred Securities ex Financials ETF by 6.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 11,809 shares of the company’s stock worth $209,000 after purchasing an additional 682 shares during the period. Balanced Rock Investment Advisors LLC bought a new position in VanEck Preferred Securities ex Financials ETF during the first quarter valued at approximately $304,000. Sax Wealth Advisors LLC grew its position in VanEck Preferred Securities ex Financials ETF by 4.5% during the first quarter. Sax Wealth Advisors LLC now owns 162,847 shares of the company’s stock valued at $2,881,000 after acquiring an additional 6,999 shares during the last quarter. Global Financial Private Client LLC grew its position in VanEck Preferred Securities ex Financials ETF by 123.7% during the first quarter. Global Financial Private Client LLC now owns 54,832 shares of the company’s stock valued at $964,000 after acquiring an additional 30,318 shares during the last quarter. Finally, Pathway Financial Advisers LLC purchased a new stake in shares of VanEck Preferred Securities ex Financials ETF during the first quarter valued at approximately $569,000.

VanEck Preferred Securities ex Financials ETF Stock Performance

NYSEARCA:PFXF opened at $17.96 on Friday. The business has a 50 day moving average price of $18.16 and a 200-day moving average price of $17.66. VanEck Preferred Securities ex Financials ETF has a fifty-two week low of $16.57 and a fifty-two week high of $18.45. The firm has a market cap of $1.67 billion, a PE ratio of 0.59 and a beta of 0.51.

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.