VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Stock Holdings Lessened by Kovack Advisors Inc.

Kovack Advisors Inc. cut its stake in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 10.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,385 shares of the company’s stock after selling 1,800 shares during the quarter. Kovack Advisors Inc.’s holdings in VanEck Preferred Securities ex Financials ETF were worth $264,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. RS Crum Inc. raised its holdings in shares of VanEck Preferred Securities ex Financials ETF by 389.1% during the third quarter. RS Crum Inc. now owns 1,132,112 shares of the company’s stock valued at $19,031,000 after acquiring an additional 900,627 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in VanEck Preferred Securities ex Financials ETF by 44.0% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 1,195,864 shares of the company’s stock valued at $20,102,000 after purchasing an additional 365,180 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of VanEck Preferred Securities ex Financials ETF by 84.0% in the third quarter. Envestnet Asset Management Inc. now owns 758,522 shares of the company’s stock valued at $12,751,000 after purchasing an additional 346,324 shares in the last quarter. Raymond James & Associates grew its holdings in shares of VanEck Preferred Securities ex Financials ETF by 231.8% during the third quarter. Raymond James & Associates now owns 446,074 shares of the company’s stock valued at $7,499,000 after buying an additional 311,634 shares in the last quarter. Finally, Carmel Capital Partners LLC acquired a new position in VanEck Preferred Securities ex Financials ETF during the fourth quarter valued at $3,221,000.

VanEck Preferred Securities ex Financials ETF Trading Up 0.9 %

Shares of NYSEARCA PFXF opened at $17.16 on Tuesday. The firm has a market capitalization of $1.59 billion, a PE ratio of 0.59 and a beta of 0.51. VanEck Preferred Securities ex Financials ETF has a one year low of $15.58 and a one year high of $18.07. The business has a 50-day moving average price of $17.52 and a two-hundred day moving average price of $17.14.

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.