Dearborn Partners LLC Purchases Shares of 16,000 VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

Dearborn Partners LLC purchased a new stake in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) during the first quarter, HoldingsChannel.com reports. The fund purchased 16,000 shares of the company’s stock, valued at approximately $268,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ameriflex Group Inc. acquired a new stake in VanEck Preferred Securities ex Financials ETF in the fourth quarter valued at $39,000. NBC Securities Inc. raised its stake in VanEck Preferred Securities ex Financials ETF by 146,650.0% in the first quarter. NBC Securities Inc. now owns 2,935 shares of the company’s stock valued at $49,000 after buying an additional 2,933 shares in 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 in the last quarter. Valley National Advisers Inc. acquired a new stake in VanEck Preferred Securities ex Financials ETF in the first quarter valued at $73,000. Finally, Montag A & Associates Inc. raised its stake in VanEck Preferred Securities ex Financials ETF by 24.8% in the first quarter. Montag A & Associates Inc. now owns 7,279 shares of the company’s stock valued at $122,000 after buying an additional 1,447 shares in the last quarter.

VanEck Preferred Securities ex Financials ETF Price Performance

VanEck Preferred Securities ex Financials ETF stock opened at $17.43 on Thursday. The stock’s fifty day moving average is $17.16 and its two-hundred day moving average is $16.97. The stock has a market cap of $1.84 billion, a PE ratio of 0.59 and a beta of 0.62. VanEck Preferred Securities ex Financials ETF has a 1-year low of $15.28 and a 1-year high of $18.45.

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.