Raymond James & Associates Buys 39,667 Shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

Raymond James & Associates boosted its stake in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 5.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 744,984 shares of the company’s stock after purchasing an additional 39,667 shares during the period. Raymond James & Associates’ holdings in VanEck Preferred Securities ex Financials ETF were worth $13,603,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PFXF. Private Advisor Group LLC grew its position in shares of VanEck Preferred Securities ex Financials ETF by 0.4% in the 1st quarter. Private Advisor Group LLC now owns 140,074 shares of the company’s stock worth $2,478,000 after buying an additional 621 shares during the last quarter. Tanager Wealth Management LLP grew its holdings in shares of VanEck Preferred Securities ex Financials ETF by 19.9% during the 1st quarter. Tanager Wealth Management LLP now owns 1,096,657 shares of the company’s stock worth $19,400,000 after acquiring an additional 182,026 shares during the period. FinTrust Capital Advisors LLC bought a new stake in shares of VanEck Preferred Securities ex Financials ETF during the first quarter valued at approximately $44,000. Avidian Wealth Solutions LLC lifted its position in VanEck Preferred Securities ex Financials ETF by 78.7% during the first quarter. Avidian Wealth Solutions LLC now owns 51,718 shares of the company’s stock valued at $915,000 after buying an additional 22,777 shares during the period. Finally, Gould Asset Management LLC CA lifted its position in VanEck Preferred Securities ex Financials ETF by 13.7% during the 1st quarter. Gould Asset Management LLC CA now owns 13,115 shares of the company’s stock valued at $232,000 after acquiring an additional 1,585 shares during the period.

VanEck Preferred Securities ex Financials ETF Stock Down 0.3 %

VanEck Preferred Securities ex Financials ETF stock opened at $18.10 on Monday. The stock’s 50 day moving average is $18.06 and its 200 day moving average is $17.57. VanEck Preferred Securities ex Financials ETF has a twelve month low of $15.65 and a twelve month high of $18.45. The company has a market capitalization of $1.68 billion, a P/E ratio of 0.59 and a beta of 0.51.

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.