343,330 Shares in Global X U.S. Preferred ETF (NYSEARCA:PFFD) Bought by Independent Advisor Alliance

Independent Advisor Alliance bought a new position in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 343,330 shares of the company’s stock, valued at approximately $6,698,000. Independent Advisor Alliance owned about 0.29% of Global X U.S. Preferred ETF at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. LPL Financial LLC boosted its holdings in Global X U.S. Preferred ETF by 15.4% during the third quarter. LPL Financial LLC now owns 7,139,593 shares of the company’s stock worth $148,361,000 after purchasing an additional 950,535 shares during the last quarter. Global X Japan Co. Ltd. lifted its stake in Global X U.S. Preferred ETF by 0.3% in the fourth quarter. Global X Japan Co. Ltd. now owns 2,708,021 shares of the company’s stock valued at $52,833,000 after acquiring an additional 8,523 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in Global X U.S. Preferred ETF by 23.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,466,319 shares of the company’s stock valued at $28,608,000 after acquiring an additional 274,237 shares during the last quarter. Advisors Management Group Inc. ADV lifted its stake in Global X U.S. Preferred ETF by 3.7% in the fourth quarter. Advisors Management Group Inc. ADV now owns 1,043,416 shares of the company’s stock valued at $20,357,000 after acquiring an additional 37,626 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Global X U.S. Preferred ETF in the fourth quarter valued at $19,537,000.

Global X U.S. Preferred ETF Trading Down 0.6 %

Shares of PFFD stock opened at $19.31 on Tuesday. The company has a fifty day moving average price of $19.72 and a two-hundred day moving average price of $20.19. Global X U.S. Preferred ETF has a one year low of $19.06 and a one year high of $21.08.

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.