MeadowBrook Investment Advisors LLC Raises Position in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

MeadowBrook Investment Advisors LLC lifted its position in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 11,741.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,460 shares of the company’s stock after buying an additional 7,397 shares during the quarter. MeadowBrook Investment Advisors LLC’s holdings in VanEck Preferred Securities ex Financials ETF were worth $136,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Creekside Partners bought a new stake in VanEck Preferred Securities ex Financials ETF in the 2nd quarter valued at $232,000. Northwestern Mutual Wealth Management Co. increased its holdings in VanEck Preferred Securities ex Financials ETF by 29.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 404,782 shares of the company’s stock valued at $7,003,000 after acquiring an additional 93,192 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in VanEck Preferred Securities ex Financials ETF by 5.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,254,471 shares of the company’s stock valued at $21,702,000 after acquiring an additional 65,109 shares during the last quarter. Park Avenue Securities LLC increased its holdings in VanEck Preferred Securities ex Financials ETF by 8.1% in the 3rd quarter. Park Avenue Securities LLC now owns 417,114 shares of the company’s stock valued at $7,616,000 after acquiring an additional 31,165 shares during the last quarter. Finally, Sound Income Strategies LLC increased its holdings in VanEck Preferred Securities ex Financials ETF by 4.7% in the 3rd quarter. Sound Income Strategies LLC now owns 292,588 shares of the company’s stock valued at $5,343,000 after acquiring an additional 13,139 shares during the last quarter.

VanEck Preferred Securities ex Financials ETF Price Performance

Shares of VanEck Preferred Securities ex Financials ETF stock traded down $0.07 during trading hours on Thursday, reaching $17.97. The company’s stock had a trading volume of 59,472 shares, compared to its average volume of 512,885. The firm has a 50 day moving average price of $18.16 and a 200-day moving average price of $17.66. VanEck Preferred Securities ex Financials ETF has a one year low of $16.57 and a one year high of $18.45. The stock has a market cap of $1.67 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.