Meridian Financial Partners LLC Purchases 50,396 Shares of VanEck Preferred Securities ex Financials ETF $PFXF

Meridian Financial Partners LLC raised its position in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 147.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,576 shares of the company’s stock after purchasing an additional 50,396 shares during the period. Meridian Financial Partners LLC owned approximately 0.08% of VanEck Preferred Securities ex Financials ETF worth $1,525,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of PFXF. Capital Advisors Ltd. LLC bought a new position in shares of VanEck Preferred Securities ex Financials ETF in the 2nd quarter valued at $26,000. Simplex Trading LLC boosted its stake in VanEck Preferred Securities ex Financials ETF by 97.2% in the second quarter. Simplex Trading LLC now owns 1,597 shares of the company’s stock valued at $27,000 after buying an additional 787 shares in the last quarter. Allworth Financial LP acquired a new stake in VanEck Preferred Securities ex Financials ETF in the second quarter valued at about $29,000. DHJJ Financial Advisors Ltd. bought a new position in VanEck Preferred Securities ex Financials ETF in the second quarter valued at about $48,000. Finally, Darwin Wealth Management LLC bought a new position in VanEck Preferred Securities ex Financials ETF in the second quarter valued at about $61,000.

VanEck Preferred Securities ex Financials ETF Trading Up 0.1%

PFXF stock opened at $17.72 on Wednesday. The firm has a 50-day moving average price of $17.67 and a 200-day moving average price of $17.63. VanEck Preferred Securities ex Financials ETF has a 12 month low of $15.28 and a 12 month high of $18.11. The stock has a market capitalization of $2.00 billion, a P/E 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. PFXF was launched on Jul 16, 2012 and is managed by VanEck.