53,564 Shares in VanEck Preferred Securities ex Financials ETF $PFXF Bought by Capital Square LLC

Capital Square LLC purchased a new stake in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) in the third quarter, HoldingsChannel reports. The institutional investor purchased 53,564 shares of the company’s stock, valued at approximately $952,000.

Several other large investors also recently bought and sold shares of PFXF. Simplex Trading LLC grew its holdings in shares of VanEck Preferred Securities ex Financials ETF by 97.2% during the second quarter. Simplex Trading LLC now owns 1,597 shares of the company’s stock worth $27,000 after purchasing an additional 787 shares during the last quarter. Allworth Financial LP acquired a new stake in shares of VanEck Preferred Securities ex Financials ETF during the second quarter worth about $29,000. Root Financial Partners LLC purchased a new stake in shares of VanEck Preferred Securities ex Financials ETF in the 3rd quarter valued at about $33,000. JPMorgan Chase & Co. lifted its holdings in shares of VanEck Preferred Securities ex Financials ETF by 1,338.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,935 shares of the company’s stock valued at $52,000 after purchasing an additional 2,731 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in shares of VanEck Preferred Securities ex Financials ETF in the 2nd quarter valued at about $61,000.

VanEck Preferred Securities ex Financials ETF Stock Up 0.3%

NYSEARCA:PFXF opened at $17.90 on Wednesday. The company has a market capitalization of $2.11 billion, a PE ratio of 0.59 and a beta of 0.60. VanEck Preferred Securities ex Financials ETF has a 52-week low of $15.28 and a 52-week high of $18.57. The stock’s 50 day moving average price is $18.25 and its 200 day moving average price is $17.93.

VanEck Preferred Securities ex Financials ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a $0.0951 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from VanEck Preferred Securities ex Financials ETF’s previous monthly dividend of $0.05. This represents a c) annualized dividend and a dividend yield of 6.4%.

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. PFXF was launched on Jul 16, 2012 and is managed by VanEck.