Collaborative Wealth Managment Inc. cut its holdings in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD – Free Report) by 12.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 364,576 shares of the company’s stock after selling 50,255 shares during the quarter. Global X U.S. Preferred ETF comprises 3.0% of Collaborative Wealth Managment Inc.’s investment portfolio, making the stock its 9th biggest position. Collaborative Wealth Managment Inc.’s holdings in Global X U.S. Preferred ETF were worth $6,865,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Simplex Trading LLC grew its position in shares of Global X U.S. Preferred ETF by 226.6% in 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 last quarter. Anderson Financial Strategies LLC purchased a new stake in Global X U.S. Preferred ETF in the first quarter valued at $46,000. Blair William & Co. IL boosted its stake 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 acquiring an additional 2,651 shares in the last quarter. Fortitude Family Office LLC purchased a new position in shares of Global X U.S. Preferred ETF during the second quarter worth about $67,000. Finally, Harbour Investments Inc. grew its holdings in shares of Global X U.S. Preferred ETF by 718.7% during the second quarter. Harbour Investments Inc. now owns 5,600 shares of the company’s stock worth $105,000 after purchasing an additional 4,916 shares during the last quarter.
Global X U.S. Preferred ETF Stock Performance
Shares of PFFD opened at $18.93 on Friday. The company’s 50 day simple moving average is $19.42 and its 200-day simple moving average is $19.12. Global X U.S. Preferred ETF has a 12-month low of $17.81 and a 12-month high of $20.57.
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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