Level Four Advisory Services LLC Sells 2,775 Shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

Level Four Advisory Services LLC cut its position in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 0.7% during the fourth quarter, Holdings Channel reports. The firm owned 376,368 shares of the company’s stock after selling 2,775 shares during the period. Level Four Advisory Services LLC’s holdings in VanEck Preferred Securities ex Financials ETF were worth $6,492,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of VanEck Preferred Securities ex Financials ETF in the fourth quarter valued at $42,967,000. MML Investors Services LLC boosted its position in VanEck Preferred Securities ex Financials ETF by 19.7% during the third quarter. MML Investors Services LLC now owns 951,891 shares of the company’s stock worth $17,382,000 after acquiring an additional 156,434 shares during the last quarter. Stifel Financial Corp grew its position in VanEck Preferred Securities ex Financials ETF by 84.7% during the third quarter. Stifel Financial Corp now owns 318,062 shares of the company’s stock valued at $5,808,000 after acquiring an additional 145,848 shares during the period. AssuredPartners Investment Advisors LLC acquired a new position in VanEck Preferred Securities ex Financials ETF in the 4th quarter worth $1,802,000. Finally, Jones Financial Companies Lllp increased its holdings in VanEck Preferred Securities ex Financials ETF by 109.7% in the fourth quarter. Jones Financial Companies Lllp now owns 103,766 shares of the company’s stock valued at $1,790,000 after buying an additional 54,285 shares during the last quarter.

VanEck Preferred Securities ex Financials ETF Price Performance

PFXF stock opened at $17.00 on Friday. The firm has a 50 day simple moving average of $17.28 and a 200 day simple moving average of $17.70. VanEck Preferred Securities ex Financials ETF has a 12 month low of $16.72 and a 12 month high of $18.45. The firm has a market cap of $1.88 billion, a PE ratio of 0.59 and a beta of 0.70.

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.