Mirae Asset Global Investments Co. Ltd. Makes New $701,000 Investment in VanEck Preferred Securities ex Financials ETF $PFXF

Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 40,000 shares of the company’s stock, valued at approximately $701,000.

A number of other hedge funds and other institutional investors have also modified their holdings of PFXF. Gill Capital Partners LLC acquired a new position in shares of VanEck Preferred Securities ex Financials ETF in the 2nd quarter valued at $50,000. Rossmore Private Capital acquired a new stake in VanEck Preferred Securities ex Financials ETF during the 1st quarter worth about $70,000. Integrated Wealth Concepts LLC acquired a new stake in VanEck Preferred Securities ex Financials ETF during the 2nd quarter worth about $122,000. Western Wealth Management LLC purchased a new stake in VanEck Preferred Securities ex Financials ETF during the first quarter valued at about $159,000. Finally, Carson Advisory Inc. purchased a new stake in VanEck Preferred Securities ex Financials ETF during the first quarter valued at about $179,000.

VanEck Preferred Securities ex Financials ETF Price Performance

Shares of PFXF opened at $16.39 on Monday. VanEck Preferred Securities ex Financials ETF has a one year low of $16.23 and a one year high of $19.07. The company has a 50-day moving average of $17.41 and a two-hundred day moving average of $17.95. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 0.59 and a beta of 0.65.

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. PFXF was launched on Jul 16, 2012 and is managed by VanEck.