Bluefin Capital Management LLC Takes $1.12 Million Position in Global X U.S. Preferred ETF $PFFD

Bluefin Capital Management LLC acquired a new position in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 58,906 shares of the company’s stock, valued at approximately $1,122,000. Global X U.S. Preferred ETF accounts for about 0.8% of Bluefin Capital Management LLC’s investment portfolio, making the stock its 22nd largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Flaharty Asset Management LLC increased its position in Global X U.S. Preferred ETF by 8.2% during the first quarter. Flaharty Asset Management LLC now owns 1,003,503 shares of the company’s stock worth $19,107,000 after buying an additional 75,673 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Global X U.S. Preferred ETF by 1,157.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 153,598 shares of the company’s stock valued at $2,925,000 after acquiring an additional 141,386 shares during the last quarter. Kestra Investment Management LLC increased its holdings in Global X U.S. Preferred ETF by 66.4% in the first quarter. Kestra Investment Management LLC now owns 55,766 shares of the company’s stock valued at $1,062,000 after purchasing an additional 22,262 shares during the period. Rockport Wealth LLC increased its holdings in Global X U.S. Preferred ETF by 63.5% in the first quarter. Rockport Wealth LLC now owns 137,221 shares of the company’s stock valued at $2,613,000 after purchasing an additional 53,302 shares during the period. Finally, Royal Bank of Canada grew its holdings in Global X U.S. Preferred ETF by 5.4% during the 1st quarter. Royal Bank of Canada now owns 717,579 shares of the company’s stock worth $13,663,000 after acquiring an additional 36,779 shares during the period.

Global X U.S. Preferred ETF Stock Down 0.1%

Shares of NYSEARCA PFFD opened at $19.58 on Wednesday. Global X U.S. Preferred ETF has a fifty-two week low of $17.81 and a fifty-two week high of $21.08. The firm’s 50-day simple moving average is $19.21 and its 200 day simple moving average is $18.99.

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.