VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Stake Reduced by Avidian Wealth Solutions LLC

Avidian Wealth Solutions LLC trimmed its holdings in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,941 shares of the company’s stock after selling 587 shares during the quarter. Avidian Wealth Solutions LLC’s holdings in VanEck Preferred Securities ex Financials ETF were worth $497,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in PFXF. CWM LLC boosted its holdings in shares of VanEck Preferred Securities ex Financials ETF by 7.8% in the fourth quarter. CWM LLC now owns 8,300 shares of the company’s stock worth $143,000 after buying an additional 600 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of VanEck Preferred Securities ex Financials ETF by 3.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 18,424 shares of the company’s stock valued at $317,000 after purchasing an additional 700 shares in the last quarter. Sunbelt Securities Inc. lifted its stake in VanEck Preferred Securities ex Financials ETF by 8.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 9,654 shares of the company’s stock worth $162,000 after acquiring an additional 712 shares in the last quarter. Hofer & Associates. Inc grew its stake in VanEck Preferred Securities ex Financials ETF by 7.9% during the 4th quarter. Hofer & Associates. Inc now owns 15,908 shares of the company’s stock valued at $273,000 after acquiring an additional 1,158 shares in the last quarter. Finally, Wealth Alliance increased its holdings in shares of VanEck Preferred Securities ex Financials ETF by 3.3% in the 3rd quarter. Wealth Alliance now owns 37,559 shares of the company’s stock valued at $631,000 after purchasing an additional 1,215 shares during the period.

VanEck Preferred Securities ex Financials ETF Stock Performance

Shares of PFXF stock traded up $0.13 during trading on Monday, hitting $17.52. 525,463 shares of the company were exchanged, compared to its average volume of 535,633. The business’s 50-day simple moving average is $17.49 and its 200 day simple moving average is $17.17. VanEck Preferred Securities ex Financials ETF has a twelve month low of $15.58 and a twelve month high of $18.07. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 0.59 and a beta of 0.51.

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.