UBS Group AG Increases Position in VanEck Preferred Securities ex Financials ETF $PFXF

UBS Group AG lifted its position in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 193.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 615,097 shares of the company’s stock after buying an additional 405,277 shares during the period. UBS Group AG owned 0.53% of VanEck Preferred Securities ex Financials ETF worth $10,863,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. High Point Wealth Management LLC purchased a new position in shares of VanEck Preferred Securities ex Financials ETF during the fourth quarter valued at approximately $50,000. Sanctuary Advisors LLC lifted its stake in shares of VanEck Preferred Securities ex Financials ETF by 5.2% during the fourth quarter. Sanctuary Advisors LLC now owns 137,292 shares of the company’s stock valued at $2,425,000 after buying an additional 6,804 shares during the period. Concurrent Investment Advisors LLC lifted its stake in shares of VanEck Preferred Securities ex Financials ETF by 0.6% during the fourth quarter. Concurrent Investment Advisors LLC now owns 335,329 shares of the company’s stock valued at $5,922,000 after buying an additional 2,065 shares during the period. Silver Coast Investments LLC lifted its stake in shares of VanEck Preferred Securities ex Financials ETF by 2.9% during the fourth quarter. Silver Coast Investments LLC now owns 293,523 shares of the company’s stock valued at $5,184,000 after buying an additional 8,192 shares during the period. Finally, Tanager Wealth Management LLP lifted its stake in shares of VanEck Preferred Securities ex Financials ETF by 12.7% during the fourth quarter. Tanager Wealth Management LLP now owns 1,449,088 shares of the company’s stock valued at $25,591,000 after buying an additional 162,742 shares during the period.

VanEck Preferred Securities ex Financials ETF Stock Performance

Shares of PFXF opened at $18.49 on Friday. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 0.59 and a beta of 0.62. The company’s 50 day simple moving average is $18.10 and its 200 day simple moving average is $18.00. VanEck Preferred Securities ex Financials ETF has a 1 year low of $16.61 and a 1 year high of $18.95.

VanEck Preferred Securities ex Financials ETF Company 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. PFXF was launched on Jul 16, 2012 and is managed by VanEck.