MeadowBrook Investment Advisors LLC Trims Stock Position in Global X U.S. Preferred ETF $PFFD

MeadowBrook Investment Advisors LLC lessened its position in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 22.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,080 shares of the company’s stock after selling 2,385 shares during the quarter. MeadowBrook Investment Advisors LLC’s holdings in Global X U.S. Preferred ETF were worth $152,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Simplex Trading LLC raised its position in shares of Global X U.S. Preferred ETF by 226.6% during the 1st quarter. Simplex Trading LLC now owns 2,361 shares of the company’s stock valued at $44,000 after buying an additional 1,638 shares during the period. Anderson Financial Strategies LLC purchased a new stake in Global X U.S. Preferred ETF in the first quarter valued at approximately $46,000. Blair William & Co. IL raised its position in Global X U.S. Preferred ETF by 3,442.9% in the second quarter. Blair William & Co. IL now owns 2,728 shares of the company’s stock valued at $51,000 after purchasing an additional 2,651 shares during the period. Fortitude Family Office LLC purchased a new stake in Global X U.S. Preferred ETF in the second quarter valued at approximately $67,000. Finally, Harbour Investments Inc. raised its position in Global X U.S. Preferred ETF by 718.7% in the second quarter. Harbour Investments Inc. now owns 5,600 shares of the company’s stock valued at $105,000 after purchasing an additional 4,916 shares during the period.

Global X U.S. Preferred ETF Price Performance

Shares of NYSEARCA PFFD opened at $19.38 on Thursday. Global X U.S. Preferred ETF has a 52-week low of $17.81 and a 52-week high of $20.80. The business’s 50 day moving average is $19.50 and its two-hundred day moving average is $19.07.

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.