Mirae Asset Global Investments Co. Ltd. Purchases 40,000 Shares of VanEck Preferred Securities ex Financials ETF $PFXF

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 40,000 shares of the company’s stock, valued at approximately $701,000.

A number of other large investors also recently modified their holdings of PFXF. Susquehanna International Group LLP acquired a new stake in VanEck Preferred Securities ex Financials ETF in the second quarter worth about $3,688,000. Royal Bank of Canada increased its stake in VanEck Preferred Securities ex Financials ETF by 47.5% during the 1st quarter. Royal Bank of Canada now owns 484,045 shares of the company’s stock valued at $8,491,000 after buying an additional 155,882 shares during the period. Tassel Capital Management Inc. bought a new stake in shares of VanEck Preferred Securities ex Financials ETF during the 2nd quarter worth about $1,207,000. Brookstone Capital Management raised its position in shares of VanEck Preferred Securities ex Financials ETF by 123.9% during the 3rd quarter. Brookstone Capital Management now owns 99,761 shares of the company’s stock worth $1,748,000 after buying an additional 55,200 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of VanEck Preferred Securities ex Financials ETF by 15.2% during the 1st quarter. Bank of America Corp DE now owns 5,351,204 shares of the company’s stock worth $93,860,000 after buying an additional 705,474 shares in the last quarter.

VanEck Preferred Securities ex Financials ETF Stock Performance

Shares of NYSEARCA:PFXF opened at $16.39 on Monday. The company has a 50 day moving average of $17.41 and a 200-day moving average of $17.95. The firm has a market cap of $2.14 billion, a P/E ratio of 0.59 and a beta of 0.65. VanEck Preferred Securities ex Financials ETF has a twelve month low of $16.23 and a twelve month high of $19.07.

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. PFXF was launched on Jul 16, 2012 and is managed by VanEck.