Mirae Asset Global Investments Co. Ltd. Purchases 35,000 Shares of Global X U.S. Preferred ETF $PFFD

Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 35,000 shares of the company’s stock, valued at approximately $616,000.

A number of other institutional investors have also recently made changes to their positions in PFFD. Bessemer Group Inc. purchased a new stake in shares of Global X U.S. Preferred ETF in the first quarter worth about $18,434,000. Carnegie Investment Counsel bought a new position in Global X U.S. Preferred ETF during the third quarter valued at approximately $5,496,000. First Citizens Bank & Trust Co. purchased a new position in Global X U.S. Preferred ETF during the 3rd quarter valued at approximately $584,000. Eagle Harbor Asset Management Inc. ADV purchased a new position in Global X U.S. Preferred ETF during the 3rd quarter valued at approximately $4,716,000. Finally, Envestnet Asset Management Inc. grew its holdings in Global X U.S. Preferred ETF by 12.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,522,498 shares of the company’s stock valued at $47,145,000 after buying an additional 272,858 shares in the last quarter.

Global X U.S. Preferred ETF Price Performance

NYSEARCA:PFFD opened at $16.91 on Monday. Global X U.S. Preferred ETF has a 1 year low of $16.76 and a 1 year high of $19.65. The stock’s 50 day simple moving average is $17.60 and its two-hundred day simple moving average is $18.53.

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.