Envestnet Asset Management Inc. Acquires 13,881 Shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

Envestnet Asset Management Inc. boosted its position in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 3.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 430,295 shares of the company’s stock after purchasing an additional 13,881 shares during the period. Envestnet Asset Management Inc. owned about 0.46% of VanEck Preferred Securities ex Financials ETF worth $7,444,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC bought a new position in VanEck Preferred Securities ex Financials ETF during the 1st quarter valued at about $44,000. Register Financial Advisors LLC raised its stake in shares of VanEck Preferred Securities ex Financials ETF by 691.7% in the first quarter. Register Financial Advisors LLC now owns 9,500 shares of the company’s stock worth $168,000 after acquiring an additional 8,300 shares during the last quarter. Burke & Herbert Bank & Trust Co. bought a new position in shares of VanEck Preferred Securities ex Financials ETF in the second quarter worth about $185,000. Avantax Advisory Services Inc. raised its stake in shares of VanEck Preferred Securities ex Financials ETF by 6.1% in the first quarter. Avantax Advisory Services Inc. now owns 11,809 shares of the company’s stock worth $209,000 after acquiring an additional 682 shares during the last quarter. Finally, Fisher Asset Management LLC bought a new position in shares of VanEck Preferred Securities ex Financials ETF in the fourth quarter worth about $226,000.

VanEck Preferred Securities ex Financials ETF Stock Performance

Shares of NYSEARCA PFXF opened at $18.37 on Friday. VanEck Preferred Securities ex Financials ETF has a 1-year low of $15.58 and a 1-year high of $18.45. The company has a market cap of $1.71 billion, a PE ratio of 0.59 and a beta of 0.51. The company has a 50-day moving average of $17.67 and a two-hundred day moving average of $17.50.

VanEck Preferred Securities ex Financials ETF Company 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.