Western Wealth Management LLC Reduces Holdings in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

Western Wealth Management LLC trimmed its holdings in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 7.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,574 shares of the company’s stock after selling 1,171 shares during the period. Western Wealth Management LLC’s holdings in VanEck Preferred Securities ex Financials ETF were worth $250,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PFXF. NBC Securities Inc. purchased a new position in shares of VanEck Preferred Securities ex Financials ETF during the 3rd quarter worth approximately $25,000. Global Retirement Partners LLC purchased a new position in shares of VanEck Preferred Securities ex Financials ETF during the 4th quarter worth approximately $26,000. WealthShield Partners LLC purchased a new position in shares of VanEck Preferred Securities ex Financials ETF during the 3rd quarter worth approximately $41,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of VanEck Preferred Securities ex Financials ETF during the 4th quarter worth approximately $45,000. Finally, Private Trust Co. NA increased its stake in shares of VanEck Preferred Securities ex Financials ETF by 46.1% during the 3rd quarter. Private Trust Co. NA now owns 8,855 shares of the company’s stock worth $149,000 after purchasing an additional 2,795 shares in the last quarter.

VanEck Preferred Securities ex Financials ETF Price Performance

Shares of PFXF opened at $17.05 on Tuesday. The stock has a market cap of $1.58 billion, a price-to-earnings 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. The firm has a 50 day simple moving average of $17.55 and a 200-day simple moving average of $17.10.

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.