MY Wealth Management Inc. Decreases Holdings in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

MY Wealth Management Inc. decreased its stake in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 34.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 170,154 shares of the company’s stock after selling 87,626 shares during the quarter. VanEck Preferred Securities ex Financials ETF makes up 3.4% of MY Wealth Management Inc.’s holdings, making the stock its 13th biggest position. MY Wealth Management Inc. owned about 0.18% of VanEck Preferred Securities ex Financials ETF worth $2,944,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of PFXF. Avantax Advisory Services Inc. purchased a new position in shares of VanEck Preferred Securities ex Financials ETF in the fourth quarter worth about $191,000. Level Four Advisory Services LLC boosted its holdings in shares of VanEck Preferred Securities ex Financials ETF by 4.5% during the 4th quarter. Level Four Advisory Services LLC now owns 333,168 shares of the company’s stock worth $5,724,000 after purchasing an additional 14,403 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of VanEck Preferred Securities ex Financials ETF by 24.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 102,129 shares of the company’s stock valued at $1,755,000 after purchasing an additional 19,976 shares in the last quarter. RS Crum Inc. increased its holdings in shares of VanEck Preferred Securities ex Financials ETF by 11.6% in the fourth quarter. RS Crum Inc. now owns 1,263,901 shares of the company’s stock valued at $21,714,000 after purchasing an additional 131,789 shares during the last quarter. Finally, Prevail Innovative Wealth Advisors LLC lifted its position in VanEck Preferred Securities ex Financials ETF by 72.9% during the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 27,971 shares of the company’s stock worth $481,000 after buying an additional 11,789 shares in the last quarter.

VanEck Preferred Securities ex Financials ETF Price Performance

Shares of NYSEARCA PFXF opened at $17.99 on Thursday. The company has a market capitalization of $1.67 billion, a P/E ratio of 0.59 and a beta of 0.51. The company has a 50 day simple moving average of $17.45 and a 200-day simple moving average of $17.45. VanEck Preferred Securities ex Financials ETF has a 1 year low of $15.58 and a 1 year high of $18.07.

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.