Larch Capital Partners LLC Buys New Position in VanEck Preferred Securities ex Financials ETF $PFXF

Larch Capital Partners LLC bought a new stake in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 167,160 shares of the company’s stock, valued at approximately $2,952,000. VanEck Preferred Securities ex Financials ETF makes up approximately 0.4% of Larch Capital Partners LLC’s holdings, making the stock its 17th largest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Apella Capital LLC acquired a new stake in VanEck Preferred Securities ex Financials ETF in the fourth quarter worth about $4,496,000. Blair William & Co. IL increased its holdings in shares of VanEck Preferred Securities ex Financials ETF by 8,489.4% during the third quarter. Blair William & Co. IL now owns 171,788 shares of the company’s stock valued at $3,053,000 after acquiring an additional 169,788 shares in the last quarter. Mezzasalma Advisors LLC increased its holdings in shares of VanEck Preferred Securities ex Financials ETF by 840.6% during the fourth quarter. Mezzasalma Advisors LLC now owns 110,614 shares of the company’s stock valued at $1,978,000 after acquiring an additional 98,854 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of VanEck Preferred Securities ex Financials ETF by 8.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 541,207 shares of the company’s stock valued at $9,617,000 after purchasing an additional 40,853 shares during the last quarter. Finally, Capital Square LLC purchased a new position in shares of VanEck Preferred Securities ex Financials ETF in the 3rd quarter valued at approximately $952,000.

VanEck Preferred Securities ex Financials ETF Stock Up 0.5%

PFXF stock opened at $18.50 on Friday. The firm has a 50 day moving average of $18.49 and a 200 day moving average of $18.18. The stock has a market capitalization of $2.32 billion, a PE ratio of 0.59 and a beta of 0.62. VanEck Preferred Securities ex Financials ETF has a 52 week low of $16.76 and a 52 week high of $19.07.

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.