VanEck Preferred Securities ex Financials ETF $PFXF Stock Sold by Tanager Wealth Management LLP

Tanager Wealth Management LLP lessened its holdings in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 16.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,284,689 shares of the company’s stock after selling 245,643 shares during the period. VanEck Preferred Securities ex Financials ETF accounts for about 1.9% of Tanager Wealth Management LLP’s investment portfolio, making the stock its 16th biggest holding. Tanager Wealth Management LLP’s holdings in VanEck Preferred Securities ex Financials ETF were worth $22,508,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in PFXF. Gill Capital Partners LLC bought a new position in VanEck Preferred Securities ex Financials ETF in the 2nd quarter worth approximately $50,000. Rossmore Private Capital acquired a new stake in VanEck Preferred Securities ex Financials ETF in the 1st quarter valued at approximately $70,000. Integrated Wealth Concepts LLC acquired a new stake in VanEck Preferred Securities ex Financials ETF in the 2nd quarter valued at approximately $122,000. Western Wealth Management LLC acquired a new stake in VanEck Preferred Securities ex Financials ETF in the 1st quarter valued at approximately $159,000. Finally, Carson Advisory Inc. bought a new stake in VanEck Preferred Securities ex Financials ETF during the 1st quarter valued at $179,000.

VanEck Preferred Securities ex Financials ETF Stock Performance

VanEck Preferred Securities ex Financials ETF stock remained flat at $16.98 during mid-day trading on Monday. The company’s stock had a trading volume of 670,274 shares, compared to its average volume of 762,828. The company has a 50 day moving average price of $17.76 and a 200 day moving average price of $18.01. The firm has a market cap of $2.25 billion, a P/E ratio of 0.59 and a beta of 0.64. VanEck Preferred Securities ex Financials ETF has a 52-week low of $16.95 and a 52-week high of $19.07.

About VanEck Preferred Securities ex Financials ETF

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.