Stifel Financial Corp Acquires 145,848 Shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

Stifel Financial Corp raised its holdings in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 84.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 318,062 shares of the company’s stock after purchasing an additional 145,848 shares during the quarter. Stifel Financial Corp’s holdings in VanEck Preferred Securities ex Financials ETF were worth $5,808,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in PFXF. Darwin Wealth Management LLC acquired a new stake in shares of VanEck Preferred Securities ex Financials ETF during the 3rd quarter worth about $29,000. MeadowBrook Investment Advisors LLC raised its holdings in VanEck Preferred Securities ex Financials ETF by 11,741.3% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 7,460 shares of the company’s stock valued at $136,000 after acquiring an additional 7,397 shares during the period. Private Trust Co. NA lifted its position in VanEck Preferred Securities ex Financials ETF by 15.0% during the third 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 during the last quarter. Arkadios Wealth Advisors bought a new stake in shares of VanEck Preferred Securities ex Financials ETF during the third quarter worth approximately $201,000. Finally, Drucker Wealth 3.0 LLC acquired a new position in shares of VanEck Preferred Securities ex Financials ETF in the second quarter valued at approximately $219,000.

VanEck Preferred Securities ex Financials ETF Trading Down 0.1 %

NYSEARCA:PFXF opened at $17.82 on Friday. The stock has a 50 day simple moving average of $18.06 and a 200 day simple moving average of $17.75. The stock has a market cap of $1.66 billion, a P/E ratio of 0.59 and a beta of 0.51. VanEck Preferred Securities ex Financials ETF has a 1-year low of $16.77 and a 1-year high of $18.45.

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.