Ariadne Wealth Management LP bought a new position in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 28,750 shares of the company’s stock, valued at approximately $497,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. FinTrust Capital Advisors LLC acquired a new position in VanEck Preferred Securities ex Financials ETF in the 1st quarter valued at $44,000. Register Financial Advisors LLC grew its stake in VanEck Preferred Securities ex Financials ETF by 691.7% in the 1st quarter. Register Financial Advisors LLC now owns 9,500 shares of the company’s stock valued at $168,000 after buying an additional 8,300 shares during the last quarter. Burke & Herbert Bank & Trust Co. acquired a new stake in VanEck Preferred Securities ex Financials ETF in the 2nd quarter worth $185,000. Avantax Advisory Services Inc. grew its position in VanEck Preferred Securities ex Financials ETF by 6.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 11,809 shares of the company’s stock worth $209,000 after purchasing an additional 682 shares during the last quarter. Finally, Drucker Wealth 3.0 LLC acquired a new stake in VanEck Preferred Securities ex Financials ETF in the 2nd quarter worth $219,000.
VanEck Preferred Securities ex Financials ETF Price Performance
NYSEARCA PFXF opened at $18.26 on Tuesday. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 0.59 and a beta of 0.51. The company’s fifty day moving average is $17.69 and its two-hundred day moving average is $17.50. VanEck Preferred Securities ex Financials ETF has a 52-week low of $15.58 and a 52-week 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.
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