VanEck Preferred Securities ex Financials ETF $PFXF Shares Sold by Truist Financial Corp

Truist Financial Corp lessened its stake in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 1.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 168,524 shares of the company’s stock after selling 2,003 shares during the quarter. Truist Financial Corp owned about 0.16% of VanEck Preferred Securities ex Financials ETF worth $2,885,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in PFXF. Redwood Financial Network Corp boosted its holdings in VanEck Preferred Securities ex Financials ETF by 1.1% in the first quarter. Redwood Financial Network Corp now owns 64,692 shares of the company’s stock valued at $1,084,000 after acquiring an additional 676 shares during the last quarter. Insigneo Advisory Services LLC increased its holdings in VanEck Preferred Securities ex Financials ETF by 1.8% in the first quarter. Insigneo Advisory Services LLC now owns 43,047 shares of the company’s stock valued at $721,000 after buying an additional 767 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in VanEck Preferred Securities ex Financials ETF by 1.4% in the first quarter. Stratos Wealth Partners LTD. now owns 55,819 shares of the company’s stock valued at $936,000 after acquiring an additional 779 shares during the period. Comerica Bank boosted its stake in VanEck Preferred Securities ex Financials ETF by 5.0% in the first quarter. Comerica Bank now owns 17,061 shares of the company’s stock valued at $286,000 after acquiring an additional 817 shares during the period. Finally, Balanced Rock Investment Advisors LLC boosted its stake in VanEck Preferred Securities ex Financials ETF by 4.3% in the first quarter. Balanced Rock Investment Advisors LLC now owns 23,254 shares of the company’s stock valued at $390,000 after acquiring an additional 965 shares during the period.

VanEck Preferred Securities ex Financials ETF Trading Down 0.7%

Shares of NYSEARCA PFXF opened at $17.90 on Friday. The stock has a 50 day simple moving average of $17.78 and a 200-day simple moving average of $17.15. The company has a market cap of $1.96 billion, a PE ratio of 0.59 and a beta of 0.62. VanEck Preferred Securities ex Financials ETF has a 12-month low of $15.28 and a 12-month high of $18.43.

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.