Sound Income Strategies LLC Grows Stock Position in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

Sound Income Strategies LLC grew its position in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 3.6% during the fourth quarter, HoldingsChannel reports. The firm owned 303,255 shares of the company’s stock after buying an additional 10,667 shares during the period. Sound Income Strategies LLC’s holdings in VanEck Preferred Securities ex Financials ETF were worth $5,231,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Darwin Wealth Management LLC acquired a new stake in VanEck Preferred Securities ex Financials ETF during the 3rd quarter valued at $29,000. Decker Retirement Planning Inc. purchased a new position in VanEck Preferred Securities ex Financials ETF in the 4th quarter valued at about $42,000. MeadowBrook Investment Advisors LLC grew its stake in shares of VanEck Preferred Securities ex Financials ETF by 11,741.3% during the third quarter. MeadowBrook Investment Advisors LLC now owns 7,460 shares of the company’s stock valued at $136,000 after acquiring an additional 7,397 shares in the last quarter. Private Trust Co. NA increased its position in shares of VanEck Preferred Securities ex Financials ETF by 15.0% during the third quarter. Private Trust Co. NA now owns 8,528 shares of the company’s stock worth $156,000 after acquiring an additional 1,112 shares during the last quarter. Finally, Meridian Financial Partners LLC purchased a new stake in shares of VanEck Preferred Securities ex Financials ETF during the fourth quarter worth about $196,000.

VanEck Preferred Securities ex Financials ETF Stock Performance

Shares of PFXF opened at $17.56 on Friday. VanEck Preferred Securities ex Financials ETF has a one year low of $16.77 and a one year high of $18.45. The stock has a 50-day moving average price of $17.66 and a 200 day moving average price of $17.76. The company has a market capitalization of $1.63 billion, a P/E ratio of 0.59 and a beta of 0.51.

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.