Meridian Financial Partners LLC Buys 50,396 Shares of VanEck Preferred Securities ex Financials ETF $PFXF

Meridian Financial Partners LLC grew its position in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 147.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 84,576 shares of the company’s stock after acquiring an additional 50,396 shares during the period. Meridian Financial Partners LLC’s holdings in VanEck Preferred Securities ex Financials ETF were worth $1,525,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. MML Investors Services LLC grew its position in VanEck Preferred Securities ex Financials ETF by 4.9% during the 2nd quarter. MML Investors Services LLC now owns 1,187,758 shares of the company’s stock worth $20,334,000 after acquiring an additional 55,727 shares during the last quarter. Good Steward Wealth Advisors LLC boosted its stake in shares of VanEck Preferred Securities ex Financials ETF by 128.1% during the second quarter. Good Steward Wealth Advisors LLC now owns 498,682 shares of the company’s stock valued at $8,537,000 after purchasing an additional 280,033 shares in the last quarter. Carmel Capital Partners LLC grew its holdings in shares of VanEck Preferred Securities ex Financials ETF by 7.7% during the second quarter. Carmel Capital Partners LLC now owns 494,913 shares of the company’s stock worth $8,473,000 after purchasing an additional 35,518 shares during the last quarter. Park Avenue Securities LLC bought a new stake in shares of VanEck Preferred Securities ex Financials ETF during the second quarter worth about $5,329,000. Finally, Silver Coast Investments LLC increased its stake in shares of VanEck Preferred Securities ex Financials ETF by 1.4% in the second quarter. Silver Coast Investments LLC now owns 288,427 shares of the company’s stock valued at $4,938,000 after buying an additional 3,996 shares during the period.

VanEck Preferred Securities ex Financials ETF Price Performance

Shares of NYSEARCA PFXF opened at $17.72 on Wednesday. The company has a 50 day simple moving average of $17.67 and a 200 day simple moving average of $17.63. VanEck Preferred Securities ex Financials ETF has a 1 year low of $15.28 and a 1 year high of $18.11. The firm has a market cap of $2.00 billion, a PE ratio of 0.59 and a beta of 0.60.

About VanEck Preferred Securities ex Financials ETF

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.