Tassel Capital Management Inc. Purchases Shares of 67,648 VanEck Preferred Securities ex Financials ETF $PFXF

Tassel Capital Management Inc. acquired a new stake in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) in the second quarter, HoldingsChannel reports. The fund acquired 67,648 shares of the company’s stock, valued at approximately $1,207,000. VanEck Preferred Securities ex Financials ETF comprises 0.6% of Tassel Capital Management Inc.’s holdings, making the stock its 16th largest position.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Bank of America Corp DE lifted its stake in VanEck Preferred Securities ex Financials ETF by 15.2% in the 1st quarter. Bank of America Corp DE now owns 5,351,204 shares of the company’s stock valued at $93,860,000 after purchasing an additional 705,474 shares during the last quarter. LPL Financial LLC increased its holdings 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 purchasing an additional 232,745 shares during the last quarter. Raymond James Financial Inc. grew its stake in VanEck Preferred Securities ex Financials ETF by 3.5% in the 3rd quarter. Raymond James Financial Inc. now owns 1,763,760 shares of the company’s stock valued at $31,342,000 after buying an additional 59,762 shares during the last quarter. Tanager Wealth Management LLP grew its position in shares of VanEck Preferred Securities ex Financials ETF by 9.6% in the first quarter. Tanager Wealth Management LLP now owns 1,587,632 shares of the company’s stock valued at $27,847,000 after purchasing an additional 138,544 shares during the last quarter. Finally, MML Investors Services LLC increased its position in VanEck Preferred Securities ex Financials ETF by 6.7% during the 4th quarter. MML Investors Services LLC now owns 1,471,878 shares of the company’s stock worth $25,993,000 after buying an additional 92,611 shares during the period.

VanEck Preferred Securities ex Financials ETF Stock Performance

NYSEARCA:PFXF opened at $17.94 on Friday. VanEck Preferred Securities ex Financials ETF has a 52 week low of $17.03 and a 52 week high of $19.07. The firm’s 50-day simple moving average is $17.81 and its 200 day simple moving average is $18.10. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 0.59 and a beta of 0.63.

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. PFXF was launched on Jul 16, 2012 and is managed by VanEck.