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PFXF is a hybrid capital security, not common stock.
This listing is a capital note, preference share, or similar instrument associated with VanEck Preferred Securities ex Financials ETF. Data providers report company-level figures against it, so fundamentals, valuation multiples, and dividend history on this page describe the issuing company — not this instrument — and its market capitalization cannot be computed reliably, so it is not shown. The quoted price is the instrument's own.
The iShares Preferred and Income Securities ETF (PFF) remains the largest preferred stock ETF on the market, managing approximately $13.17 billion in assets under management.
The VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) has quietly become one of the better-performing income vehicles of the past year, returning 21% over the trailing 12 months and 8% year to date through May 7.
More than 50% of PFXF's assets are Mandatorily Convertible. They are effectively a bet on the common shares of the issuer without full upside. Many now trade at a substantial premium, and downside protection is limited at these levels. Income investors should be aware that dividends of the underlying assets are PIKable.
VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) has drawn income investors with its monthly distributions and a structure that deliberately sidesteps the banking sector.
If you're looking for monthly dividends with high yields, there are more ways to derive that income without chasing significant risk.
Mezzasalma Advisors LLC lifted its position in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 840.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,614 shares of the company's stock after acquiring an additional 98,854 shares during the period.
Many investors are looking to reduce equity volatility while adding more non-Treasury income to their portfolios. In this environment, preferred stocks and the related ETFs may be valid considerations.
Many don't realize a hidden tech bloodbath is going on, especially as people's attention is on oil prices and the bigger fish in the market.
Full call transcripts — prepared remarks + analyst Q&A — with speaker-by-speaker formatting and one-click switching across every quarter on file.
Click below to see what's inside, then upgrade to read every transcript for PFXF and 80,000+ other tickers.
Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.