Meridian Financial Partners LLC Sells 69,066 Shares of VanEck Preferred Securities ex Financials ETF $PFXF

Meridian Financial Partners LLC cut its stake in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 62.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,392 shares of the company’s stock after selling 69,066 shares during the period. Meridian Financial Partners LLC’s holdings in VanEck Preferred Securities ex Financials ETF were worth $715,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Gill Capital Partners LLC acquired a new stake in shares of VanEck Preferred Securities ex Financials ETF during the 2nd quarter valued at approximately $50,000. Rossmore Private Capital purchased a new stake in shares of VanEck Preferred Securities ex Financials ETF during the 1st quarter worth approximately $70,000. Integrated Wealth Concepts LLC acquired a new stake in shares of VanEck Preferred Securities ex Financials ETF in the 2nd quarter worth approximately $122,000. Western Wealth Management LLC acquired a new stake in shares of VanEck Preferred Securities ex Financials ETF in the 1st quarter worth approximately $159,000. Finally, Carson Advisory Inc. acquired a new stake in shares of VanEck Preferred Securities ex Financials ETF in the 1st quarter worth approximately $179,000.

VanEck Preferred Securities ex Financials ETF Price Performance

NYSEARCA PFXF opened at $16.91 on Friday. VanEck Preferred Securities ex Financials ETF has a 1-year low of $16.85 and a 1-year high of $19.07. The company has a market capitalization of $2.24 billion, a P/E ratio of 0.59 and a beta of 0.64. The business has a 50 day moving average price of $17.66 and a 200 day moving average price of $17.99.

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.