Orgel Wealth Management LLC Cuts Stock Holdings in Global X U.S. Preferred ETF $PFFD

Orgel Wealth Management LLC reduced its position in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 3.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,826,192 shares of the company’s stock after selling 219,679 shares during the period. Global X U.S. Preferred ETF comprises about 2.4% of Orgel Wealth Management LLC’s portfolio, making the stock its 15th biggest holding. Orgel Wealth Management LLC owned about 5.86% of Global X U.S. Preferred ETF worth $127,582,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in shares of Global X U.S. Preferred ETF by 0.7% in the 3rd quarter. Bank of America Corp DE now owns 5,706,946 shares of the company’s stock valued at $110,886,000 after purchasing an additional 41,798 shares in the last quarter. Lido Advisors LLC boosted its position in Global X U.S. Preferred ETF by 7.7% during the first quarter. Lido Advisors LLC now owns 1,642,883 shares of the company’s stock worth $30,229,000 after purchasing an additional 117,625 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in Global X U.S. Preferred ETF in the third quarter valued at approximately $30,455,000. Cetera Investment Advisers grew its holdings in Global X U.S. Preferred ETF by 17.1% in the first quarter. Cetera Investment Advisers now owns 1,254,426 shares of the company’s stock valued at $23,081,000 after purchasing an additional 182,979 shares during the period. Finally, Flaharty Asset Management LLC increased its position in shares of Global X U.S. Preferred ETF by 4.0% in the fourth quarter. Flaharty Asset Management LLC now owns 1,122,939 shares of the company’s stock valued at $21,235,000 after buying an additional 43,052 shares in the last quarter.

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

Shares of PFFD stock opened at $18.32 on Tuesday. The stock has a 50 day simple moving average of $18.56 and a 200-day simple moving average of $18.77. 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 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.