D.A. Davidson & CO. Raises Stake in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

D.A. Davidson & CO. boosted its stake in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 2.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 70,770 shares of the company’s stock after purchasing an additional 1,668 shares during the period. D.A. Davidson & CO.’s holdings in VanEck Preferred Securities ex Financials ETF were worth $1,221,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Truist Financial Corp grew its position in shares of VanEck Preferred Securities ex Financials ETF by 1.8% during the 4th quarter. Truist Financial Corp now owns 162,021 shares of the company’s stock valued at $2,795,000 after acquiring an additional 2,787 shares during the period. Sanctuary Advisors LLC grew its holdings in shares of VanEck Preferred Securities ex Financials ETF by 2.6% during the fourth quarter. Sanctuary Advisors LLC now owns 102,335 shares of the company’s stock worth $1,799,000 after buying an additional 2,616 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in VanEck Preferred Securities ex Financials ETF in the 4th quarter valued at about $450,000. Howard Wealth Management LLC increased its holdings in shares of VanEck Preferred Securities ex Financials ETF by 31.1% in the fourth quarter. Howard Wealth Management LLC now owns 85,646 shares of the company’s stock valued at $1,477,000 after purchasing an additional 20,297 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC increased its stake in shares of VanEck Preferred Securities ex Financials ETF by 9.1% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 69,084 shares of the company’s stock worth $1,192,000 after acquiring an additional 5,780 shares during the last quarter.

VanEck Preferred Securities ex Financials ETF Price Performance

Shares of PFXF stock opened at $17.37 on Monday. The company has a market capitalization of $1.61 billion, a PE ratio of 0.59 and a beta of 0.51. The firm’s 50-day moving average is $17.44 and its two-hundred day moving average is $17.78. VanEck Preferred Securities ex Financials ETF has a 12 month low of $16.77 and a 12 month high of $18.45.

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.