Meridian Financial Partners LLC Sells 69,066 Shares of VanEck Preferred Securities ex Financials ETF $PFXF

Meridian Financial Partners LLC trimmed its holdings in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 62.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 41,392 shares of the company’s stock after selling 69,066 shares during the period. Meridian Financial Partners LLC’s holdings in VanEck Preferred Securities ex Financials ETF were worth $715,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in PFXF. Bank of America Corp DE increased its holdings in VanEck Preferred Securities ex Financials ETF by 15.2% during the 1st quarter. Bank of America Corp DE now owns 5,351,204 shares of the company’s stock valued at $93,860,000 after acquiring an additional 705,474 shares in the last quarter. Parkway Wealth Management Group LLC lifted its holdings in shares of VanEck Preferred Securities ex Financials ETF by 2.4% in the third quarter. Parkway Wealth Management Group LLC now owns 839,267 shares of the company’s stock valued at $14,704,000 after purchasing an additional 19,894 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of VanEck Preferred Securities ex Financials ETF by 9.8% in the second quarter. Envestnet Asset Management Inc. now owns 725,100 shares of the company’s stock valued at $12,936,000 after purchasing an additional 65,009 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of VanEck Preferred Securities ex Financials ETF by 47.5% in the first quarter. Royal Bank of Canada now owns 484,045 shares of the company’s stock valued at $8,491,000 after purchasing an additional 155,882 shares in the last quarter. Finally, Carmel Capital Partners LLC lifted its holdings in shares of VanEck Preferred Securities ex Financials ETF by 5.7% in the first quarter. Carmel Capital Partners LLC now owns 394,621 shares of the company’s stock valued at $6,922,000 after purchasing an additional 21,373 shares in the last quarter.

VanEck Preferred Securities ex Financials ETF Price Performance

Shares of PFXF opened at $16.91 on Friday. The firm has a 50 day simple moving average of $17.66 and a 200-day simple moving average of $17.99. VanEck Preferred Securities ex Financials ETF has a 1-year low of $16.85 and a 1-year high of $19.07. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 0.59 and a beta of 0.64.

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.