Cetera Advisors LLC Buys 12,037 Shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Cetera Advisors LLC increased its stake in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 18.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 76,422 shares of the company’s stock after acquiring an additional 12,037 shares during the quarter. Cetera Advisors LLC’s holdings in Global X U.S. Preferred ETF were worth $1,482,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Orgel Wealth Management LLC boosted its holdings in shares of Global X U.S. Preferred ETF by 4.0% during the 2nd quarter. Orgel Wealth Management LLC now owns 4,639,077 shares of the company’s stock worth $89,952,000 after buying an additional 178,770 shares during the period. Morgan Stanley boosted its holdings in Global X U.S. Preferred ETF by 42.4% in the 4th quarter. Morgan Stanley now owns 3,240,583 shares of the company’s stock valued at $62,770,000 after purchasing an additional 964,143 shares during the period. Charles Schwab Investment Advisory Inc. boosted its holdings in Global X U.S. Preferred ETF by 6.8% in the 2nd quarter. Charles Schwab Investment Advisory Inc. now owns 2,386,948 shares of the company’s stock valued at $46,283,000 after purchasing an additional 152,409 shares during the period. Rational Advisors LLC boosted its holdings in Global X U.S. Preferred ETF by 7.9% in the 2nd quarter. Rational Advisors LLC now owns 2,226,661 shares of the company’s stock valued at $43,175,000 after purchasing an additional 162,233 shares during the period. Finally, Flaharty Asset Management LLC boosted its holdings in Global X U.S. Preferred ETF by 5.2% in the 1st quarter. Flaharty Asset Management LLC now owns 1,669,163 shares of the company’s stock valued at $33,150,000 after purchasing an additional 82,433 shares during the period.

Global X U.S. Preferred ETF Price Performance

NYSEARCA PFFD opened at $18.85 on Tuesday. Global X U.S. Preferred ETF has a 12-month low of $17.37 and a 12-month high of $21.97. The firm has a 50-day moving average price of $18.37 and a two-hundred day moving average price of $18.89.

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.