Sovran Advisors LLC Invests $246,000 in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

Sovran Advisors LLC acquired a new stake in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 14,391 shares of the company’s stock, valued at approximately $246,000.

Several other hedge funds have also recently bought and sold shares of PFXF. Darwin Wealth Management LLC bought a new stake in VanEck Preferred Securities ex Financials ETF during the 3rd quarter valued at $29,000. Decker Retirement Planning Inc. bought a new stake in shares of VanEck Preferred Securities ex Financials ETF during the fourth quarter valued at about $42,000. MeadowBrook Investment Advisors LLC lifted its holdings in VanEck Preferred Securities ex Financials ETF by 11,741.3% in the third quarter. MeadowBrook Investment Advisors LLC now owns 7,460 shares of the company’s stock worth $136,000 after purchasing an additional 7,397 shares during the period. Private Trust Co. NA grew its position in VanEck Preferred Securities ex Financials ETF by 15.0% in the 3rd quarter. Private Trust Co. NA now owns 8,528 shares of the company’s stock valued at $156,000 after buying an additional 1,112 shares in the last quarter. Finally, Meridian Financial Partners LLC acquired a new position in VanEck Preferred Securities ex Financials ETF during the 4th quarter valued at about $196,000.

VanEck Preferred Securities ex Financials ETF Trading Up 0.6 %

PFXF stock opened at $17.39 on Friday. The firm’s 50-day moving average is $17.50 and its two-hundred day moving average is $17.77. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 0.59 and a beta of 0.51. VanEck Preferred Securities ex Financials ETF has a 52 week low of $16.77 and a 52 week high of $18.45.

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.