Global X U.S. Preferred ETF $PFFD Shares Sold by Bank of America Corp DE

Bank of America Corp DE trimmed its stake in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 11.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 5,305,892 shares of the company’s stock after selling 706,135 shares during the quarter. Bank of America Corp DE’s holdings in Global X U.S. Preferred ETF were worth $97,628,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. increased its holdings 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 worth $2,925,000 after acquiring an additional 141,386 shares during the period. Cerity Partners LLC bought a new stake in shares of Global X U.S. Preferred ETF during the second quarter valued at approximately $193,000. Qube Research & Technologies Ltd boosted its position in shares of Global X U.S. Preferred ETF by 40.5% during the second quarter. Qube Research & Technologies Ltd now owns 8,371 shares of the company’s stock worth $158,000 after buying an additional 2,415 shares during the period. NewEdge Advisors LLC boosted its position in shares of Global X U.S. Preferred ETF by 9.3% during the second quarter. NewEdge Advisors LLC now owns 90,238 shares of the company’s stock worth $1,699,000 after buying an additional 7,671 shares during the period. Finally, Sei Investments Co. grew its holdings in Global X U.S. Preferred ETF by 31.7% in the 2nd quarter. Sei Investments Co. now owns 764,477 shares of the company’s stock worth $14,395,000 after buying an additional 183,876 shares in the last quarter.

Global X U.S. Preferred ETF Stock Up 0.5%

Shares of Global X U.S. Preferred ETF stock opened at $18.60 on Friday. The business’s fifty day moving average price is $18.66 and its two-hundred day moving average price is $18.88. Global X U.S. Preferred ETF has a 1-year low of $18.22 and a 1-year high of $19.89.

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.