VanEck Preferred Securities ex Financials ETF $PFXF Shares Bought by Royal Bank of Canada

Royal Bank of Canada raised its stake in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 47.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 484,045 shares of the company’s stock after purchasing an additional 155,882 shares during the period. Royal Bank of Canada owned 0.39% of VanEck Preferred Securities ex Financials ETF worth $8,491,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of PFXF. International Assets Investment Management LLC acquired a new position in VanEck Preferred Securities ex Financials ETF in the fourth quarter worth about $38,000. High Point Wealth Management LLC acquired a new stake in VanEck Preferred Securities ex Financials ETF during the fourth quarter valued at approximately $50,000. JPMorgan Chase & Co. raised its stake in VanEck Preferred Securities ex Financials ETF by 1,338.7% during the third quarter. JPMorgan Chase & Co. now owns 2,935 shares of the company’s stock valued at $52,000 after buying an additional 2,731 shares in the last quarter. Darwin Wealth Management LLC bought a new position in VanEck Preferred Securities ex Financials ETF during the 2nd quarter worth approximately $61,000. Finally, Rossmore Private Capital bought a new position in VanEck Preferred Securities ex Financials ETF during the 1st quarter worth approximately $70,000.

VanEck Preferred Securities ex Financials ETF Stock Performance

Shares of PFXF opened at $18.03 on Tuesday. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 0.59 and a beta of 0.62. The stock has a 50 day moving average of $17.97 and a 200-day moving average of $18.14. VanEck Preferred Securities ex Financials ETF has a 52 week low of $17.03 and a 52 week high of $19.07.

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