Sheets Smith Wealth Management lowered its position in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF – Free Report) by 4.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 93,007 shares of the company’s stock after selling 4,142 shares during the quarter. Sheets Smith Wealth Management’s holdings in VanEck Preferred Securities ex Financials ETF were worth $1,598,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. NBC Securities Inc. acquired a new position in VanEck Preferred Securities ex Financials ETF during the 3rd quarter worth approximately $25,000. Global Retirement Partners LLC purchased a new stake in shares of VanEck Preferred Securities ex Financials ETF during the fourth quarter valued at approximately $26,000. WealthShield Partners LLC acquired a new position in shares of VanEck Preferred Securities ex Financials ETF during the third quarter worth $41,000. McGlone Suttner Wealth Management Inc. acquired a new stake in VanEck Preferred Securities ex Financials ETF during the 4th quarter valued at $45,000. Finally, Howe & Rusling Inc. purchased a new stake in VanEck Preferred Securities ex Financials ETF during the 4th quarter worth $51,000.
VanEck Preferred Securities ex Financials ETF Trading Up 1.0 %
PFXF stock traded up $0.18 during trading on Friday, reaching $17.39. The stock had a trading volume of 444,505 shares, compared to its average volume of 535,948. The firm has a fifty day moving average price of $17.49 and a 200 day moving average price of $17.17. The company has a market capitalization of $1.62 billion, a P/E ratio of 0.59 and a beta of 0.51. VanEck Preferred Securities ex Financials ETF has a 1-year low of $15.58 and a 1-year high of $18.07.
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.
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