Tanager Wealth Management LLP Cuts Stake in VanEck Preferred Securities ex Financials ETF $PFXF

Tanager Wealth Management LLP cut its holdings in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 3.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,530,332 shares of the company’s stock after selling 57,300 shares during the quarter. VanEck Preferred Securities ex Financials ETF accounts for 2.4% of Tanager Wealth Management LLP’s investment portfolio, making the stock its 14th largest position. Tanager Wealth Management LLP owned approximately 1.12% of VanEck Preferred Securities ex Financials ETF worth $27,301,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bank of America Corp DE grew its stake in shares of VanEck Preferred Securities ex Financials ETF by 15.2% in the first quarter. Bank of America Corp DE now owns 5,351,204 shares of the company’s stock worth $93,860,000 after acquiring an additional 705,474 shares in the last quarter. LPL Financial LLC raised its stake in shares of VanEck Preferred Securities ex Financials ETF by 8.5% in the fourth quarter. LPL Financial LLC now owns 2,961,370 shares of the company’s stock valued at $52,298,000 after acquiring an additional 232,745 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of VanEck Preferred Securities ex Financials ETF by 3.5% in the third quarter. Raymond James Financial Inc. now owns 1,763,760 shares of the company’s stock valued at $31,342,000 after acquiring an additional 59,762 shares in the last quarter. MML Investors Services LLC boosted its holdings in VanEck Preferred Securities ex Financials ETF by 6.7% in the fourth quarter. MML Investors Services LLC now owns 1,471,878 shares of the company’s stock valued at $25,993,000 after purchasing an additional 92,611 shares during the period. Finally, Wealth Intelligence LLC purchased a new position in VanEck Preferred Securities ex Financials ETF in the fourth quarter valued at $11,006,000.

VanEck Preferred Securities ex Financials ETF Price Performance

PFXF opened at $17.91 on Monday. VanEck Preferred Securities ex Financials ETF has a 12 month low of $17.03 and a 12 month high of $19.07. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 0.59 and a beta of 0.63. The business has a fifty day moving average price of $17.81 and a 200 day moving average price 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.