VanEck Preferred Securities ex Financials ETF $PFXF Shares Sold by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC trimmed its holdings in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 50.9% during the third quarter, Holdings Channel reports. The institutional investor owned 148,911 shares of the company’s stock after selling 154,308 shares during the quarter. Mezzasalma Advisors LLC’s holdings in VanEck Preferred Securities ex Financials ETF were worth $2,609,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Sax Wealth Advisors LLC increased its position in shares of VanEck Preferred Securities ex Financials ETF by 1.0% during the third quarter. Sax Wealth Advisors LLC now owns 75,262 shares of the company’s stock worth $1,319,000 after acquiring an additional 781 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings in shares of VanEck Preferred Securities ex Financials ETF by 1.0% in the 1st quarter. Chicago Partners Investment Group LLC now owns 103,094 shares of the company’s stock worth $1,909,000 after acquiring an additional 1,047 shares during the last quarter. World Investment Advisors raised its holdings in shares of VanEck Preferred Securities ex Financials ETF by 7.0% in the 4th quarter. World Investment Advisors now owns 17,635 shares of the company’s stock worth $311,000 after acquiring an additional 1,160 shares during the last quarter. Sheets Smith Wealth Management lifted its position in VanEck Preferred Securities ex Financials ETF by 2.2% in the 1st quarter. Sheets Smith Wealth Management now owns 78,145 shares of the company’s stock valued at $1,371,000 after acquiring an additional 1,665 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in VanEck Preferred Securities ex Financials ETF by 11.2% in the 2nd quarter. IFP Advisors Inc now owns 25,188 shares of the company’s stock valued at $449,000 after acquiring an additional 2,543 shares in the last quarter.

VanEck Preferred Securities ex Financials ETF Stock Down 1.8%

PFXF stock traded down $0.32 during mid-day trading on Wednesday, reaching $17.23. 913,809 shares of the company traded hands, compared to its average volume of 763,158. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 0.59 and a beta of 0.64. VanEck Preferred Securities ex Financials ETF has a fifty-two week low of $17.03 and a fifty-two week high of $19.07. The firm’s 50 day moving average price is $17.81 and its 200 day moving average price is $18.02.

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.