Thrivent Financial for Lutherans Sells 8,563 Shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

Thrivent Financial for Lutherans lowered its stake in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 35.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,726 shares of the company’s stock after selling 8,563 shares during the quarter. Thrivent Financial for Lutherans’ holdings in VanEck Preferred Securities ex Financials ETF were worth $287,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in VanEck Preferred Securities ex Financials ETF in the 4th quarter worth $42,967,000. RS Crum Inc. lifted its stake in shares of VanEck Preferred Securities ex Financials ETF by 3.0% in the fourth quarter. RS Crum Inc. now owns 1,388,371 shares of the company’s stock valued at $23,949,000 after buying an additional 40,197 shares during the period. Tanager Wealth Management LLP grew its position in VanEck Preferred Securities ex Financials ETF by 3.7% during the fourth quarter. Tanager Wealth Management LLP now owns 1,310,146 shares of the company’s stock worth $22,600,000 after buying an additional 46,397 shares in the last quarter. MML Investors Services LLC increased its stake in VanEck Preferred Securities ex Financials ETF by 19.7% during the third quarter. MML Investors Services LLC now owns 951,891 shares of the company’s stock valued at $17,382,000 after acquiring an additional 156,434 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in VanEck Preferred Securities ex Financials ETF by 2.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 456,616 shares of the company’s stock valued at $7,877,000 after acquiring an additional 8,751 shares during the period.

VanEck Preferred Securities ex Financials ETF Trading Down 2.8 %

Shares of PFXF stock opened at $15.81 on Friday. VanEck Preferred Securities ex Financials ETF has a 12 month low of $15.69 and a 12 month high of $18.45. The company has a market capitalization of $1.75 billion, a P/E ratio of 0.59 and a beta of 0.64. The stock has a 50 day moving average of $17.15 and a two-hundred day moving average of $17.64.

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.