Janney Montgomery Scott LLC Increases Holdings in VanEck Preferred Securities ex Financials ETF $PFXF

Janney Montgomery Scott LLC lifted its stake in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 169.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 85,014 shares of the company’s stock after purchasing an additional 53,468 shares during the quarter. Janney Montgomery Scott LLC owned about 0.07% of VanEck Preferred Securities ex Financials ETF worth $1,491,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. International Assets Investment Management LLC bought a new position in shares of VanEck Preferred Securities ex Financials ETF in the fourth quarter valued at approximately $38,000. High Point Wealth Management LLC acquired a new stake in VanEck Preferred Securities ex Financials ETF during the 4th quarter worth about $50,000. Allworth Financial LP lifted its stake in VanEck Preferred Securities ex Financials ETF by 72.0% during the third quarter. Allworth Financial LP now owns 2,913 shares of the company’s stock valued at $52,000 after buying an additional 1,219 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in VanEck Preferred Securities ex Financials ETF by 1,338.7% during the third quarter. JPMorgan Chase & Co. now owns 2,935 shares of the company’s stock valued at $52,000 after buying an additional 2,731 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in shares of VanEck Preferred Securities ex Financials ETF in the second quarter worth about $61,000.

VanEck Preferred Securities ex Financials ETF Price Performance

VanEck Preferred Securities ex Financials ETF stock opened at $17.82 on Friday. The firm’s 50 day simple moving average is $18.37 and its 200-day simple moving average is $18.19. VanEck Preferred Securities ex Financials ETF has a fifty-two week low of $17.03 and a fifty-two week high of $19.07. The company has a market cap of $2.44 billion, a P/E ratio of 0.59 and a beta of 0.62.

VanEck Preferred Securities ex Financials ETF 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.