Future Financial Wealth Managment LLC Decreases Stake in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

Future Financial Wealth Managment LLC lowered its holdings in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 14.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 151,470 shares of the company’s stock after selling 26,243 shares during the quarter. VanEck Preferred Securities ex Financials ETF comprises 1.9% of Future Financial Wealth Managment LLC’s investment portfolio, making the stock its 12th biggest holding. Future Financial Wealth Managment LLC owned about 0.16% of VanEck Preferred Securities ex Financials ETF worth $2,613,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. LPL Financial LLC increased its position in shares of VanEck Preferred Securities ex Financials ETF by 4.0% during the second quarter. LPL Financial LLC now owns 2,024,278 shares of the company’s stock worth $35,020,000 after purchasing an additional 77,212 shares in the last quarter. Envestnet Asset Management Inc. increased its position in VanEck Preferred Securities ex Financials ETF by 3.3% during the second quarter. Envestnet Asset Management Inc. now owns 430,295 shares of the company’s stock worth $7,444,000 after buying an additional 13,881 shares during the period. Ocean Park Asset Management LLC purchased a new stake in VanEck Preferred Securities ex Financials ETF in the second quarter valued at approximately $4,941,000. Insigneo Advisory Services LLC boosted its holdings in shares of VanEck Preferred Securities ex Financials ETF by 74.9% in the second quarter. Insigneo Advisory Services LLC now owns 35,954 shares of the company’s stock valued at $612,000 after acquiring an additional 15,392 shares during the period. Finally, Drucker Wealth 3.0 LLC acquired a new position in shares of VanEck Preferred Securities ex Financials ETF in the 2nd quarter valued at $219,000.

VanEck Preferred Securities ex Financials ETF Stock Performance

VanEck Preferred Securities ex Financials ETF stock traded down $0.13 during midday trading on Monday, hitting $16.95. 472,842 shares of the company’s stock were exchanged, compared to its average volume of 479,215. VanEck Preferred Securities ex Financials ETF has a 12-month low of $16.77 and a 12-month high of $18.45. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 0.59 and a beta of 0.51. The firm’s 50 day simple moving average is $17.78 and its 200 day simple moving average is $17.76.

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.