Tandem Financial LLC Takes $559,000 Position in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

Tandem Financial LLC bought a new position in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 32,423 shares of the company’s stock, valued at approximately $559,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Darwin Wealth Management LLC purchased a new position in shares of VanEck Preferred Securities ex Financials ETF during the third quarter valued at approximately $29,000. Decker Retirement Planning Inc. bought a new position in VanEck Preferred Securities ex Financials ETF during the 4th quarter valued at $42,000. MeadowBrook Investment Advisors LLC boosted its holdings in VanEck Preferred Securities ex Financials ETF by 11,741.3% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 7,460 shares of the company’s stock worth $136,000 after acquiring an additional 7,397 shares during the last quarter. Private Trust Co. NA grew its stake in shares of VanEck Preferred Securities ex Financials ETF by 15.0% in the 3rd quarter. Private Trust Co. NA now owns 8,528 shares of the company’s stock worth $156,000 after acquiring an additional 1,112 shares in the last quarter. Finally, Meridian Financial Partners LLC purchased a new stake in shares of VanEck Preferred Securities ex Financials ETF in the fourth quarter valued at about $196,000.

VanEck Preferred Securities ex Financials ETF Price Performance

PFXF opened at $17.40 on Friday. VanEck Preferred Securities ex Financials ETF has a fifty-two week low of $16.77 and a fifty-two week high of $18.45. The firm has a market capitalization of $1.62 billion, a P/E ratio of 0.59 and a beta of 0.51. The company’s 50-day moving average is $17.56 and its 200 day moving average is $17.77.

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.