Dougherty & Associates LLC Makes New Investment in VanEck Preferred Securities ex Financials ETF $PFXF

Dougherty & Associates LLC purchased a new position in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 481,609 shares of the company’s stock, valued at approximately $8,505,000. VanEck Preferred Securities ex Financials ETF comprises approximately 7.6% of Dougherty & Associates LLC’s investment portfolio, making the stock its 3rd biggest holding.

Several other large investors also recently modified their holdings of the business. Avidian Wealth Enterprises LLC increased its holdings in shares of VanEck Preferred Securities ex Financials ETF by 0.7% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 86,976 shares of the company’s stock worth $1,536,000 after acquiring an additional 564 shares in the last quarter. Chicago Partners Investment Group LLC increased its holdings in shares of VanEck Preferred Securities ex Financials ETF by 0.6% in the third quarter. Chicago Partners Investment Group LLC now owns 107,432 shares of the company’s stock worth $1,933,000 after acquiring an additional 648 shares in the last quarter. Mission Hills Financial Advisory LLC increased its holdings in shares of VanEck Preferred Securities ex Financials ETF by 7.0% in the fourth quarter. Mission Hills Financial Advisory LLC now owns 11,406 shares of the company’s stock worth $201,000 after acquiring an additional 751 shares in the last quarter. Register Financial Advisors LLC increased its holdings in shares of VanEck Preferred Securities ex Financials ETF by 10.5% in the third quarter. Register Financial Advisors LLC now owns 10,538 shares of the company’s stock worth $187,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Foundations Investment Advisors LLC increased its holdings in shares of VanEck Preferred Securities ex Financials ETF by 7.7% in the third quarter. Foundations Investment Advisors LLC now owns 14,515 shares of the company’s stock worth $258,000 after acquiring an additional 1,042 shares in the last quarter.

VanEck Preferred Securities ex Financials ETF Price Performance

Shares of VanEck Preferred Securities ex Financials ETF stock opened at $18.49 on Monday. VanEck Preferred Securities ex Financials ETF has a 1 year low of $16.61 and a 1 year high of $18.95. The business has a 50-day moving average of $18.10 and a two-hundred day moving average of $18.00. The company has a market capitalization of $2.32 billion, a P/E ratio of 0.59 and a beta of 0.62.

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.