Samalin Investment Counsel LLC Buys 10,654 Shares of VanEck Preferred Securities ex Financials ETF $PFXF

Samalin Investment Counsel LLC increased its stake in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 70.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,703 shares of the company’s stock after purchasing an additional 10,654 shares during the quarter. Samalin Investment Counsel LLC’s holdings in VanEck Preferred Securities ex Financials ETF were worth $440,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Capital Advisors Ltd. LLC bought a new stake in shares of VanEck Preferred Securities ex Financials ETF during the second quarter worth $26,000. Simplex Trading LLC boosted its holdings in shares of VanEck Preferred Securities ex Financials ETF by 97.2% during the 2nd quarter. Simplex Trading LLC now owns 1,597 shares of the company’s stock valued at $27,000 after acquiring an additional 787 shares in the last quarter. Allworth Financial LP acquired a new position in VanEck Preferred Securities ex Financials ETF in the 2nd quarter worth about $29,000. DHJJ Financial Advisors Ltd. acquired a new position in VanEck Preferred Securities ex Financials ETF in the 2nd quarter worth about $48,000. Finally, AlphaCore Capital LLC bought a new position in VanEck Preferred Securities ex Financials ETF in the first quarter valued at about $91,000.

VanEck Preferred Securities ex Financials ETF Trading Up 0.9%

Shares of PFXF stock opened at $17.64 on Tuesday. The business’s 50-day moving average price is $17.83 and its 200-day moving average price is $17.42. VanEck Preferred Securities ex Financials ETF has a 12 month low of $15.28 and a 12 month high of $18.31. The firm has a market capitalization of $1.99 billion, a price-to-earnings 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.