Tanager Wealth Management LLP lowered its stake in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF – Free Report) by 3.6% during the second quarter, Holdings Channel reports. The firm owned 1,530,332 shares of the company’s stock after selling 57,300 shares during the period. VanEck Preferred Securities ex Financials ETF makes up approximately 2.4% of Tanager Wealth Management LLP’s investment portfolio, making the stock its 14th largest position. Tanager Wealth Management LLP’s holdings in VanEck Preferred Securities ex Financials ETF were worth $27,301,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also modified their holdings of the stock. Van Hulzen Asset Management LLC boosted its holdings in shares of VanEck Preferred Securities ex Financials ETF by 7.3% in the 4th quarter. Van Hulzen Asset Management LLC now owns 12,184 shares of the company’s stock valued at $215,000 after buying an additional 832 shares in the last quarter. Chicago Partners Investment Group LLC raised its stake in VanEck Preferred Securities ex Financials ETF by 1.0% during the 1st quarter. Chicago Partners Investment Group LLC now owns 103,094 shares of the company’s stock worth $1,909,000 after acquiring an additional 1,047 shares in the last quarter. World Investment Advisors raised its stake in VanEck Preferred Securities ex Financials ETF by 7.0% during the 4th quarter. World Investment Advisors now owns 17,635 shares of the company’s stock worth $311,000 after acquiring an additional 1,160 shares in the last quarter. Ausdal Financial Partners Inc. lifted its position in VanEck Preferred Securities ex Financials ETF by 4.0% in the third quarter. Ausdal Financial Partners Inc. now owns 34,505 shares of the company’s stock valued at $613,000 after acquiring an additional 1,341 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its position in VanEck Preferred Securities ex Financials ETF by 9.6% in the third quarter. Sunbelt Securities Inc. now owns 16,351 shares of the company’s stock valued at $291,000 after acquiring an additional 1,432 shares during the last quarter.
VanEck Preferred Securities ex Financials ETF Price Performance
NYSEARCA PFXF opened at $17.91 on Monday. VanEck Preferred Securities ex Financials ETF has a 1 year low of $17.03 and a 1 year high of $19.07. The company has a market capitalization of $2.45 billion, a PE ratio of 0.59 and a beta of 0.63. The company has a fifty day moving average of $17.81 and a two-hundred day moving average of $18.10.
VanEck Preferred Securities ex Financials ETF 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.
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