Sumitomo Mitsui Trust Group Inc. Boosts Holdings in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

Sumitomo Mitsui Trust Group Inc. boosted its position in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 5.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 190,741 shares of the company’s stock after acquiring an additional 10,639 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in VanEck Preferred Securities ex Financials ETF were worth $3,197,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PFXF. Ameriflex Group Inc. purchased a new stake in shares of VanEck Preferred Securities ex Financials ETF during the 4th quarter valued at $39,000. NBC Securities Inc. lifted its holdings in shares of VanEck Preferred Securities ex Financials ETF by 146,650.0% during the 1st quarter. NBC Securities Inc. now owns 2,935 shares of the company’s stock valued at $49,000 after purchasing an additional 2,933 shares during the last quarter. Blair William & Co. IL raised its stake in VanEck Preferred Securities ex Financials ETF by 31.8% in the fourth quarter. Blair William & Co. IL now owns 3,077 shares of the company’s stock valued at $53,000 after buying an additional 743 shares during the last quarter. Avantax Advisory Services Inc. purchased a new stake in VanEck Preferred Securities ex Financials ETF in the fourth quarter valued at about $175,000. Finally, Cerity Partners LLC purchased a new stake in VanEck Preferred Securities ex Financials ETF in the fourth quarter valued at about $181,000.

VanEck Preferred Securities ex Financials ETF Stock Performance

VanEck Preferred Securities ex Financials ETF stock opened at $17.41 on Friday. The stock has a 50-day moving average of $16.87 and a two-hundred day moving average of $16.96. VanEck Preferred Securities ex Financials ETF has a one year low of $15.28 and a one year high of $18.45. The stock has a market cap of $1.83 billion, a PE ratio of 0.59 and a beta of 0.62.

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.