Raymond James Financial Services Advisors Inc. increased its holdings in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD – Free Report) by 0.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 645,886 shares of the company’s stock after buying an additional 4,861 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Global X U.S. Preferred ETF were worth $13,021,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the business. Financial Gravity Asset Management Inc. raised its position in Global X U.S. Preferred ETF by 1,449.5% in the third quarter. Financial Gravity Asset Management Inc. now owns 1,596 shares of the company’s stock valued at $30,000 after purchasing an additional 1,493 shares during the last quarter. GPS Wealth Strategies Group LLC bought a new position in Global X U.S. Preferred ETF in the fourth quarter valued at about $33,000. Benjamin F. Edwards & Company Inc. bought a new position in Global X U.S. Preferred ETF in the fourth quarter valued at about $35,000. Venturi Wealth Management LLC bought a new position in Global X U.S. Preferred ETF in the third quarter valued at about $54,000. Finally, Simplex Trading LLC bought a new position in Global X U.S. Preferred ETF in the fourth quarter valued at about $71,000.
Global X U.S. Preferred ETF Trading Up 1.3 %
Shares of PFFD stock traded up $0.24 on Friday, hitting $19.66. The company had a trading volume of 597,606 shares, compared to its average volume of 751,980. The stock’s 50-day moving average is $19.88 and its two-hundred day moving average is $19.43. Global X U.S. Preferred ETF has a twelve month low of $17.37 and a twelve month high of $20.43.
Global X U.S. Preferred ETF Profile
The Global X U.S. Preferred ETF (PFFD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market-value-weighted index of US preferred stocks, selected and weighted by market value. PFFD was launched on Sep 11, 2017 and is managed by Global X.
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