Cherry Tree Wealth Management LLC Lowers Stock Position in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Cherry Tree Wealth Management LLC trimmed its position in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 58.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,298 shares of the company’s stock after selling 20,167 shares during the quarter. Cherry Tree Wealth Management LLC’s holdings in Global X U.S. Preferred ETF were worth $277,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PFFD. Commonwealth Equity Services LLC increased its stake in shares of Global X U.S. Preferred ETF by 2.8% in the third quarter. Commonwealth Equity Services LLC now owns 74,457 shares of the company’s stock worth $1,401,000 after purchasing an additional 2,007 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Global X U.S. Preferred ETF by 13.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 510,046 shares of the company’s stock worth $9,594,000 after buying an additional 59,142 shares in the last quarter. Park Avenue Securities LLC lifted its position in shares of Global X U.S. Preferred ETF by 220.5% in the third quarter. Park Avenue Securities LLC now owns 77,686 shares of the company’s stock valued at $1,461,000 after acquiring an additional 53,447 shares in the last quarter. Orgel Wealth Management LLC lifted its position in shares of Global X U.S. Preferred ETF by 0.7% in the third quarter. Orgel Wealth Management LLC now owns 4,672,018 shares of the company’s stock valued at $87,881,000 after acquiring an additional 32,941 shares in the last quarter. Finally, Gratus Capital LLC boosted its stake in shares of Global X U.S. Preferred ETF by 59.7% in the third quarter. Gratus Capital LLC now owns 63,875 shares of the company’s stock worth $1,201,000 after acquiring an additional 23,875 shares during the period.

Global X U.S. Preferred ETF Stock Down 1.0 %

PFFD traded down $0.20 on Wednesday, hitting $19.46. 547,883 shares of the company’s stock traded hands, compared to its average volume of 751,525. The company’s 50 day simple moving average is $19.86 and its 200-day simple moving average is $19.48. Global X U.S. Preferred ETF has a one year low of $17.37 and a one year high of $20.43.

Global X U.S. Preferred ETF Company 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.