Fortis Capital Management LLC Has $1.17 Million Stake in VanEck Preferred Securities ex Financials ETF $PFXF

Fortis Capital Management LLC reduced its stake in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 54.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 65,912 shares of the company’s stock after selling 79,002 shares during the quarter. Fortis Capital Management LLC’s holdings in VanEck Preferred Securities ex Financials ETF were worth $1,171,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PFXF. Simplex Trading LLC raised its position in shares of VanEck Preferred Securities ex Financials ETF by 97.2% in the second quarter. Simplex Trading LLC now owns 1,597 shares of the company’s stock valued at $27,000 after purchasing an additional 787 shares during the period. Allworth Financial LP acquired a new position in VanEck Preferred Securities ex Financials ETF in the 2nd quarter valued at $29,000. Root Financial Partners LLC acquired a new position in VanEck Preferred Securities ex Financials ETF in the 3rd quarter valued at $33,000. JPMorgan Chase & Co. raised its holdings in VanEck Preferred Securities ex Financials ETF by 1,338.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,935 shares of the company’s stock worth $52,000 after acquiring an additional 2,731 shares during the period. Finally, Darwin Wealth Management LLC acquired a new position in VanEck Preferred Securities ex Financials ETF during the 2nd quarter worth $61,000.

VanEck Preferred Securities ex Financials ETF Stock Performance

Shares of NYSEARCA:PFXF opened at $18.43 on Monday. The stock’s 50-day moving average is $18.16 and its 200-day moving average is $17.88. The company has a market cap of $2.17 billion, a P/E ratio of 0.59 and a beta of 0.60. VanEck Preferred Securities ex Financials ETF has a 52-week low of $15.28 and a 52-week high of $18.57.

VanEck Preferred Securities ex Financials ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were given a $0.0485 dividend. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Monday, February 2nd.

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. PFXF was launched on Jul 16, 2012 and is managed by VanEck.