VanEck Preferred Securities ex Financials ETF
PFXF
37 hedge funds and large institutions have $50.2M invested in VanEck Preferred Securities ex Financials ETF in 2016 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 15 reducing their positions, and 9 closing their positions.
5.3% less ownership
Funds ownership: 23.38% → 18.08% (-5.3%)
10% less capital invested
Capital invested by funds: $55.6M → $50.2M (-$5.33M)
10% less funds holding
Funds holding: 41 → 37 (-4)
20% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 15
44% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$1.1M |
| 2 |
TYCC
Texas Yale Capital Corp
St. Petersburg,
Florida
|
+$381K |
| 3 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
+$277K |
| 4 |
Morgan Stanley
New York
|
+$241K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$235K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.78M |
| 2 |
Jane Street
New York
|
-$1.68M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.61M |
| 4 |
ACM
Aviance Capital Management
Sarasota,
Florida
|
-$1.1M |
| 5 |
PA
Pinnacle Associates
New York
|
-$1M |
PFXF Hedge Fund Activity: Q1 2016 in Review
37 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in VanEck Preferred Securities ex Financials ETF (PFXF) for Q1 2016, worth a combined $50.2M — down 9.6% from $55.6M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of PFXF and 5 opened new positions — a net loss of 4 holders — while 15 trimmed existing stakes and 12 added.
The largest buyer was Ladenburg Thalmann Financial Services, adding an estimated $1.1M. The largest seller was Royal Bank of Canada, cutting an estimated $1.78M.
- 37 institutional investors held VanEck Preferred Securities ex Financials ETF (PFXF) as of Q1 2016, down from 41 in Q4 2015.
- Funds reported $50.2M of VanEck Preferred Securities ex Financials ETF stock for Q1 2016, down 9.6% quarter-over-quarter.
- 5 funds opened new VanEck Preferred Securities ex Financials ETF positions in Q1 2016 and 9 closed out, a net change of -4 holders.
- The largest VanEck Preferred Securities ex Financials ETF buyer in Q1 2016 was Ladenburg Thalmann Financial Services, an estimated $1.1M added.
- The largest VanEck Preferred Securities ex Financials ETF seller in Q1 2016 was Royal Bank of Canada, an estimated $1.78M sold.
Based on aggregated 13F filings for Q1 2016.