Tanager Wealth Management LLP Reduces Position in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

Tanager Wealth Management LLP reduced its position in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 4.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 914,631 shares of the company’s stock after selling 40,539 shares during the quarter. VanEck Preferred Securities ex Financials ETF makes up about 2.9% of Tanager Wealth Management LLP’s holdings, making the stock its 11th biggest holding. Tanager Wealth Management LLP owned about 1.29% of VanEck Preferred Securities ex Financials ETF worth $15,713,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Hofer & Associates. Inc boosted its holdings in shares of VanEck Preferred Securities ex Financials ETF by 7.9% during the fourth quarter. Hofer & Associates. Inc now owns 15,908 shares of the company’s stock worth $273,000 after purchasing an additional 1,158 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in VanEck Preferred Securities ex Financials ETF by 1.0% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 1,207,947 shares of the company’s stock valued at $20,753,000 after purchasing an additional 12,083 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in VanEck Preferred Securities ex Financials ETF by 84.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 758,522 shares of the company’s stock worth $12,751,000 after buying an additional 346,324 shares during the period. Raymond James & Associates grew its position in shares of VanEck Preferred Securities ex Financials ETF by 18.3% in the 4th quarter. Raymond James & Associates now owns 527,817 shares of the company’s stock worth $9,068,000 after buying an additional 81,743 shares during the last quarter. Finally, LPL Financial LLC increased its stake in shares of VanEck Preferred Securities ex Financials ETF by 5.9% during the third quarter. LPL Financial LLC now owns 1,351,116 shares of the company’s stock valued at $22,712,000 after buying an additional 75,101 shares during the period.

VanEck Preferred Securities ex Financials ETF Stock Performance

Shares of VanEck Preferred Securities ex Financials ETF stock traded up $0.12 during midday trading on Friday, reaching $16.99. 401,137 shares of the company’s stock traded hands, compared to its average volume of 532,854. The stock has a 50 day moving average of $17.57 and a 200-day moving average of $17.08. VanEck Preferred Securities ex Financials ETF has a 12 month low of $15.58 and a 12 month high of $18.07. The company has a market cap of $1.57 billion, a PE ratio of 0.59 and a beta of 0.51.

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.