VanEck Preferred Securities ex Financials ETF
PFXF
23 hedge funds and large institutions have $19.2M invested in VanEck Preferred Securities ex Financials ETF in 2014 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 11 increasing their positions, 7 reducing their positions, and 8 closing their positions.
57% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 7
18% more capital invested
Capital invested by funds: $16.3M → $19.2M (+$2.95M)
0.13% less ownership
Funds ownership: 12.96% → 12.83% (-0.13%)
15% less funds holding
Funds holding: 27 → 23 (-4)
50% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HW
Hancock Whitney
Gulfport,
Mississippi
|
+$1.52M |
| 2 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$789K |
| 3 |
LPL Financial
San Diego,
California
|
+$666K |
| 4 |
GI
Gradient Investments
Arden Hills,
Minnesota
|
+$332K |
| 5 |
Morgan Stanley
New York
|
+$272K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VKH
Virtu KCG Holdings
New York
|
-$1.2M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$475K |
| 3 |
1SB
1ST Source Bank
South Bend,
Indiana
|
-$337K |
| 4 |
Verition Fund Management
Greenwich,
Connecticut
|
-$241K |
| 5 |
SB
Suntrust Banks
Atlanta,
Georgia
|
-$226K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SB
26
Suntrust Banks
Atlanta,
Georgia
| – | -$226K | -12,021 | Closed |
|
|
LTFS
27
Ladenburg Thalmann Financial Services
Miami,
Florida
| – | -$36K | -1,925 | Closed |
|
|
AIG
28
American International Group
New York
| – | -$9.43K | -500 | Closed |
|
|
WA
29
WFG Advisors
Dallas,
Texas
| – | -$8K | -450 | Closed |
|
|
HCM
30
Horrell Capital Management
Little Rock,
Arkansas
| – | -$3K | -175 | Closed |
|
31
Wells Fargo
San Francisco,
California
| – | -$20 | -1 | Closed |
|
PFXF Hedge Fund Activity: Q1 2014 in Review
23 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in VanEck Preferred Securities ex Financials ETF (PFXF) for Q1 2014, worth a combined $19.2M — up 18% from $16.3M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of PFXF and 4 opened new positions — a net loss of 4 holders — while 7 trimmed existing stakes and 11 added.
The largest buyer was Hancock Whitney, opening a new position worth an estimated $1.52M. The largest seller was Virtu KCG Holdings, exiting entirely with an estimated $1.2M sold.
- 23 institutional investors held VanEck Preferred Securities ex Financials ETF (PFXF) as of Q1 2014, down from 27 in Q4 2013.
- Funds reported $19.2M of VanEck Preferred Securities ex Financials ETF stock for Q1 2014, up 18% quarter-over-quarter.
- 4 funds opened new VanEck Preferred Securities ex Financials ETF positions in Q1 2014 and 8 closed out, a net change of -4 holders.
- The largest VanEck Preferred Securities ex Financials ETF buyer in Q1 2014 was Hancock Whitney, an estimated $1.52M added.
- The largest VanEck Preferred Securities ex Financials ETF seller in Q1 2014 was Virtu KCG Holdings, an estimated $1.2M sold.
Based on aggregated 13F filings for Q1 2014.