Tanager Wealth Management LLP Grows Stock Position in VanEck Preferred Securities ex Financials ETF $PFXF

Tanager Wealth Management LLP grew its position in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 9.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,587,632 shares of the company’s stock after purchasing an additional 138,544 shares during the quarter. VanEck Preferred Securities ex Financials ETF makes up about 2.7% of Tanager Wealth Management LLP’s investment portfolio, making the stock its 10th largest holding. Tanager Wealth Management LLP owned approximately 1.32% of VanEck Preferred Securities ex Financials ETF worth $27,847,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of PFXF. Apella Capital LLC bought a new stake in shares of VanEck Preferred Securities ex Financials ETF during the fourth quarter valued at approximately $4,496,000. Blair William & Co. IL grew its stake in VanEck Preferred Securities ex Financials ETF by 8,489.4% during the third quarter. Blair William & Co. IL now owns 171,788 shares of the company’s stock valued at $3,053,000 after acquiring an additional 169,788 shares in the last quarter. Mezzasalma Advisors LLC grew its stake in VanEck Preferred Securities ex Financials ETF by 840.6% during the fourth quarter. Mezzasalma Advisors LLC now owns 110,614 shares of the company’s stock valued at $1,978,000 after acquiring an additional 98,854 shares in the last quarter. Capital Square LLC bought a new stake in VanEck Preferred Securities ex Financials ETF in the 3rd quarter valued at $952,000. Finally, UBS Group AG increased its holdings in VanEck Preferred Securities ex Financials ETF by 193.2% in the 4th quarter. UBS Group AG now owns 615,097 shares of the company’s stock valued at $10,863,000 after acquiring an additional 405,277 shares during the last quarter.

VanEck Preferred Securities ex Financials ETF Stock Down 1.0%

Shares of PFXF stock opened at $18.02 on Thursday. The company’s fifty day simple moving average is $18.52 and its two-hundred day simple moving average is $18.20. VanEck Preferred Securities ex Financials ETF has a 52 week low of $16.90 and a 52 week high of $19.07. The stock has a market cap of $2.26 billion, a P/E 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.