Tassel Capital Management Inc. Invests $1.21 Million in VanEck Preferred Securities ex Financials ETF $PFXF

Tassel Capital Management Inc. acquired a new stake in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 67,648 shares of the company’s stock, valued at approximately $1,207,000. VanEck Preferred Securities ex Financials ETF comprises approximately 0.6% of Tassel Capital Management Inc.’s investment portfolio, making the stock its 16th largest holding.

A number of other institutional investors have also made changes to their positions in PFXF. International Assets Investment Management LLC bought a new position in VanEck Preferred Securities ex Financials ETF in the fourth quarter valued at $38,000. Gill Capital Partners LLC bought a new stake in VanEck Preferred Securities ex Financials ETF during the 2nd quarter worth about $50,000. JPMorgan Chase & Co. lifted its position in VanEck Preferred Securities ex Financials ETF by 1,338.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,935 shares of the company’s stock worth $52,000 after buying an additional 2,731 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in shares of VanEck Preferred Securities ex Financials ETF during the 2nd quarter worth about $61,000. Finally, Rossmore Private Capital acquired a new position in shares of VanEck Preferred Securities ex Financials ETF during the 1st quarter worth about $70,000.

VanEck Preferred Securities ex Financials ETF Price Performance

Shares of NYSEARCA PFXF opened at $17.94 on Friday. 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 50-day moving average of $17.81 and a 200-day moving average of $18.10. VanEck Preferred Securities ex Financials ETF has a fifty-two week low of $17.03 and a fifty-two week high of $19.07.

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.