Meridian Financial Partners LLC Makes New Investment in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

Meridian Financial Partners LLC purchased a new stake in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 11,371 shares of the company’s stock, valued at approximately $196,000.

Several other hedge funds also recently modified their holdings of the company. Cadent Capital Advisors LLC grew its stake in shares of VanEck Preferred Securities ex Financials ETF by 3.3% in the 4th quarter. Cadent Capital Advisors LLC now owns 88,889 shares of the company’s stock worth $1,533,000 after purchasing an additional 2,810 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in VanEck Preferred Securities ex Financials ETF by 40.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 63,215 shares of the company’s stock worth $1,155,000 after buying an additional 18,065 shares in the last quarter. Sanctuary Advisors LLC grew its position in VanEck Preferred Securities ex Financials ETF by 16.5% in the third quarter. Sanctuary Advisors LLC now owns 99,719 shares of the company’s stock worth $1,797,000 after buying an additional 14,128 shares during the last quarter. MML Investors Services LLC increased its holdings in shares of VanEck Preferred Securities ex Financials ETF by 19.7% in the third quarter. MML Investors Services LLC now owns 951,891 shares of the company’s stock valued at $17,382,000 after buying an additional 156,434 shares in the last quarter. Finally, Insigneo Advisory Services LLC lifted its position in shares of VanEck Preferred Securities ex Financials ETF by 11.5% during the 3rd quarter. Insigneo Advisory Services LLC now owns 40,100 shares of the company’s stock valued at $732,000 after acquiring an additional 4,146 shares during the last quarter.

VanEck Preferred Securities ex Financials ETF Stock Up 0.6 %

PFXF opened at $17.10 on Wednesday. The firm has a market cap of $1.59 billion, a PE ratio of 0.59 and a beta of 0.51. The business has a fifty day simple moving average of $17.74 and a 200-day simple moving average of $17.76. VanEck Preferred Securities ex Financials ETF has a fifty-two week low of $16.77 and a fifty-two week high of $18.45.

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.