Global X U.S. Preferred ETF $PFFD Shares Sold by Firestone Capital Management

Firestone Capital Management decreased its position in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 15.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,559 shares of the company’s stock after selling 3,692 shares during the quarter. Firestone Capital Management’s holdings in Global X U.S. Preferred ETF were worth $368,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of PFFD. Simplex Trading LLC increased its stake in shares of Global X U.S. Preferred ETF by 226.6% in the first quarter. Simplex Trading LLC now owns 2,361 shares of the company’s stock worth $44,000 after acquiring an additional 1,638 shares during the period. Anderson Financial Strategies LLC acquired a new stake in Global X U.S. Preferred ETF during the first quarter worth about $46,000. Blair William & Co. IL lifted its holdings 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 during the period. Fortitude Family Office LLC acquired a new stake in shares of Global X U.S. Preferred ETF during the 2nd quarter worth approximately $67,000. Finally, Harbour Investments Inc. lifted its stake in shares of Global X U.S. Preferred ETF by 718.7% in the 2nd 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

PFFD stock opened at $18.93 on Friday. Global X U.S. Preferred ETF has a 52-week low of $17.81 and a 52-week high of $20.57. 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 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.