B. Riley Wealth Advisors Inc. Makes New $781,000 Investment in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

B. Riley Wealth Advisors Inc. purchased a new position in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 45,150 shares of the company’s stock, valued at approximately $781,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. increased its stake in VanEck Preferred Securities ex Financials ETF by 29.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 404,782 shares of the company’s stock valued at $7,003,000 after acquiring an additional 93,192 shares during the last quarter. Creative Planning bought a new position in shares of VanEck Preferred Securities ex Financials ETF during the 2nd quarter valued at about $974,000. Drucker Wealth 3.0 LLC purchased a new position in shares of VanEck Preferred Securities ex Financials ETF during the 2nd quarter valued at about $219,000. Insigneo Advisory Services LLC raised its holdings in shares of VanEck Preferred Securities ex Financials ETF by 74.9% during the 2nd quarter. Insigneo Advisory Services LLC now owns 35,954 shares of the company’s stock valued at $612,000 after buying an additional 15,392 shares in the last quarter. Finally, Ocean Park Asset Management LLC bought a new stake in VanEck Preferred Securities ex Financials ETF in the 2nd quarter worth approximately $4,941,000.

VanEck Preferred Securities ex Financials ETF Price Performance

Shares of NYSEARCA PFXF opened at $18.20 on Friday. The stock has a market capitalization of $1.69 billion, a P/E ratio of 0.59 and a beta of 0.51. VanEck Preferred Securities ex Financials ETF has a one year low of $15.58 and a one year high of $18.45. The firm’s 50 day simple moving average is $17.76 and its two-hundred day simple moving average is $17.52.

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.