1834 Investment Advisors Co. Trims Position in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

1834 Investment Advisors Co. lessened its holdings in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 39.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,684 shares of the company’s stock after selling 10,775 shares during the quarter. 1834 Investment Advisors Co.’s holdings in VanEck Preferred Securities ex Financials ETF were worth $305,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Geneos Wealth Management Inc. raised its position in shares of VanEck Preferred Securities ex Financials ETF by 3.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 19,044 shares of the company’s stock worth $337,000 after buying an additional 620 shares during the period. Howard Wealth Management LLC raised its position in shares of VanEck Preferred Securities ex Financials ETF by 5.5% in the 1st quarter. Howard Wealth Management LLC now owns 32,267 shares of the company’s stock worth $571,000 after buying an additional 1,682 shares during the period. NTV Asset Management LLC raised its position in shares of VanEck Preferred Securities ex Financials ETF by 5.2% in the 1st quarter. NTV Asset Management LLC now owns 128,716 shares of the company’s stock worth $2,277,000 after buying an additional 6,367 shares during the period. Avantax Advisory Services Inc. raised its position in shares of 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 buying an additional 682 shares during the period. Finally, Balanced Rock Investment Advisors LLC purchased a new position in shares of VanEck Preferred Securities ex Financials ETF in the 1st quarter worth $304,000.

VanEck Preferred Securities ex Financials ETF Trading Down 0.7 %

Shares of PFXF opened at $18.02 on Thursday. The stock’s fifty day simple moving average is $18.12 and its 200 day simple moving average is $17.62. VanEck Preferred Securities ex Financials ETF has a twelve month low of $16.18 and a twelve month high of $18.45. The firm has a market capitalization of $1.67 billion, a P/E 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.