Bank of America Corp DE increased its position in Global X U.S. Preferred ETF (NYSEARCA:PFFD – Free Report) by 15.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 6,177,018 shares of the company’s stock after buying an additional 804,185 shares during the period. Bank of America Corp DE owned about 0.05% of Global X U.S. Preferred ETF worth $120,514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of Global X U.S. Preferred ETF by 55.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 42,067 shares of the company’s stock worth $874,000 after purchasing an additional 15,004 shares during the last quarter. Breakwater Capital Group raised its position in Global X U.S. Preferred ETF by 15.9% during the 4th quarter. Breakwater Capital Group now owns 14,216 shares of the company’s stock worth $277,000 after buying an additional 1,946 shares during the last quarter. Park Avenue Securities LLC lifted its stake in Global X U.S. Preferred ETF by 23.3% during the 4th quarter. Park Avenue Securities LLC now owns 379,002 shares of the company’s stock valued at $7,394,000 after acquiring an additional 71,742 shares during the period. Advisors Management Group Inc. ADV lifted its stake in Global X U.S. Preferred ETF by 3.7% during the 4th 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 period. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Global X U.S. Preferred ETF by 23.0% in the 4th 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.
Global X U.S. Preferred ETF Price Performance
Shares of Global X U.S. Preferred ETF stock opened at $18.73 on Friday. The firm has a fifty day moving average price of $18.85 and a 200 day moving average price of $19.59. Global X U.S. Preferred ETF has a 1 year low of $17.81 and a 1 year high of $21.08.
About Global X U.S. Preferred ETF
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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