VanEck Preferred Securities ex Financials ETF $PFXF Position Raised by Tanager Wealth Management LLP

Tanager Wealth Management LLP grew its stake in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 9.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 1,587,632 shares of the company’s stock after purchasing an additional 138,544 shares during the period. VanEck Preferred Securities ex Financials ETF comprises approximately 2.7% of Tanager Wealth Management LLP’s holdings, making the stock its 10th largest position. Tanager Wealth Management LLP’s holdings in VanEck Preferred Securities ex Financials ETF were worth $27,847,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of PFXF. International Assets Investment Management LLC bought a new position in shares of VanEck Preferred Securities ex Financials ETF during the 4th quarter valued at approximately $38,000. High Point Wealth Management LLC purchased a new position in VanEck Preferred Securities ex Financials ETF during the fourth quarter worth $50,000. Allworth Financial LP increased its position in VanEck Preferred Securities ex Financials ETF by 72.0% during the third quarter. Allworth Financial LP now owns 2,913 shares of the company’s stock valued at $52,000 after acquiring an additional 1,219 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of VanEck Preferred Securities ex Financials ETF by 1,338.7% in the third quarter. JPMorgan Chase & Co. now owns 2,935 shares of the company’s stock valued at $52,000 after acquiring an additional 2,731 shares during the period. Finally, Darwin Wealth Management LLC bought a new stake in shares of VanEck Preferred Securities ex Financials ETF in the 2nd quarter worth about $61,000.

VanEck Preferred Securities ex Financials ETF Trading Down 1.0%

PFXF stock opened at $18.02 on Thursday. VanEck Preferred Securities ex Financials ETF has a 12 month low of $16.90 and a 12 month high of $19.07. The company has a 50-day moving average price of $18.52 and a 200 day moving average price of $18.20. The stock has a market cap of $2.26 billion, a PE ratio of 0.59 and a beta of 0.62.

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. PFXF was launched on Jul 16, 2012 and is managed by VanEck.