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

Tanager Wealth Management LLP trimmed its stake in shares of VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 16.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,284,689 shares of the company’s stock after selling 245,643 shares during the quarter. VanEck Preferred Securities ex Financials ETF comprises 1.9% of Tanager Wealth Management LLP’s portfolio, making the stock its 16th largest position. Tanager Wealth Management LLP owned approximately 0.97% of VanEck Preferred Securities ex Financials ETF worth $22,508,000 as of its most recent filing with the Securities and Exchange Commission.

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

VanEck Preferred Securities ex Financials ETF Price Performance

Shares of PFXF remained flat at $16.98 during midday trading on Monday. 670,274 shares of the stock traded hands, compared to its average volume of 762,828. VanEck Preferred Securities ex Financials ETF has a 52 week low of $16.95 and a 52 week high of $19.07. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 0.59 and a beta of 0.64. The company’s fifty day simple moving average is $17.76 and its 200 day simple moving average is $18.01.

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.