Ausdal Financial Partners Inc. Reduces Position in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

Ausdal Financial Partners Inc. lessened its holdings in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 2.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 91,046 shares of the company’s stock after selling 2,650 shares during the period. Ausdal Financial Partners Inc.’s holdings in VanEck Preferred Securities ex Financials ETF were worth $1,571,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Private Trust Co. NA grew its holdings in shares of VanEck Preferred Securities ex Financials ETF by 15.0% during the third quarter. Private Trust Co. NA now owns 8,528 shares of the company’s stock worth $156,000 after buying an additional 1,112 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in VanEck Preferred Securities ex Financials ETF by 7.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 24,065 shares of the company’s stock valued at $415,000 after purchasing an additional 1,641 shares during the last quarter. D.A. Davidson & CO. increased its holdings in VanEck Preferred Securities ex Financials ETF by 2.4% during the 4th quarter. D.A. Davidson & CO. now owns 70,770 shares of the company’s stock valued at $1,221,000 after acquiring an additional 1,668 shares in the last quarter. Signature Wealth Management Group increased its stake in shares of VanEck Preferred Securities ex Financials ETF by 2.4% during the 4th quarter. Signature Wealth Management Group now owns 77,678 shares of the company’s stock worth $1,340,000 after purchasing an additional 1,802 shares in the last quarter. Finally, Sax Wealth Advisors LLC increased its position in VanEck Preferred Securities ex Financials ETF by 1.0% during the fourth quarter. Sax Wealth Advisors LLC now owns 191,396 shares of the company’s stock worth $3,302,000 after buying an additional 1,837 shares in the last quarter.

VanEck Preferred Securities ex Financials ETF Price Performance

Shares of NYSEARCA PFXF opened at $17.02 on Thursday. The company has a 50-day simple moving average of $17.28 and a 200-day simple moving average of $17.71. The company has a market cap of $1.88 billion, a PE ratio of 0.59 and a beta of 0.70. VanEck Preferred Securities ex Financials ETF has a 12 month low of $16.72 and a 12 month high of $18.45.

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.