AssuredPartners Investment Advisors LLC Buys Shares of 104,445 VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

AssuredPartners Investment Advisors LLC purchased a new stake in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 104,445 shares of the company’s stock, valued at approximately $1,802,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of PFXF. Raymond James Financial Inc. bought a new stake in shares of VanEck Preferred Securities ex Financials ETF during the 4th quarter valued at about $42,967,000. MML Investors Services LLC grew its position in shares of VanEck Preferred Securities ex Financials ETF by 19.7% during the 3rd quarter. MML Investors Services LLC now owns 951,891 shares of the company’s stock valued at $17,382,000 after acquiring an additional 156,434 shares during the period. Stifel Financial Corp increased its stake in shares of VanEck Preferred Securities ex Financials ETF by 84.7% in the 3rd quarter. Stifel Financial Corp now owns 318,062 shares of the company’s stock worth $5,808,000 after purchasing an additional 145,848 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in VanEck Preferred Securities ex Financials ETF by 109.7% in the 4th quarter. Jones Financial Companies Lllp now owns 103,766 shares of the company’s stock worth $1,790,000 after purchasing an additional 54,285 shares during the period. Finally, Tanager Wealth Management LLP grew its holdings in VanEck Preferred Securities ex Financials ETF by 3.7% during the fourth quarter. Tanager Wealth Management LLP now owns 1,310,146 shares of the company’s stock valued at $22,600,000 after purchasing an additional 46,397 shares during the period.

VanEck Preferred Securities ex Financials ETF Stock Down 0.9 %

NYSEARCA PFXF opened at $17.02 on Thursday. VanEck Preferred Securities ex Financials ETF has a 52 week low of $16.72 and a 52 week high of $18.45. The company has a market capitalization of $1.88 billion, a P/E ratio of 0.59 and a beta of 0.70. The stock’s 50-day moving average price is $17.28 and its 200-day moving average price is $17.71.

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.