Collaborative Wealth Managment Inc. Cuts Position in Global X U.S. Preferred ETF $PFFD

Collaborative Wealth Managment Inc. cut its stake in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 30.2% during the fourth quarter, HoldingsChannel reports. The fund owned 192,568 shares of the company’s stock after selling 83,405 shares during the quarter. Global X U.S. Preferred ETF comprises about 1.3% of Collaborative Wealth Managment Inc.’s holdings, making the stock its 18th largest position. Collaborative Wealth Managment Inc.’s holdings in Global X U.S. Preferred ETF were worth $3,641,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PFFD. International Assets Investment Management LLC purchased a new position in shares of Global X U.S. Preferred ETF in the 4th quarter valued at $50,000. Smartleaf Asset Management LLC purchased a new position in shares of Global X U.S. Preferred ETF in the 2nd quarter valued at $102,000. Geneos Wealth Management Inc. increased its holdings in shares of Global X U.S. Preferred ETF by 117.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 5,516 shares of the company’s stock valued at $104,000 after acquiring an additional 2,974 shares during the period. Harbour Investments Inc. increased its holdings in shares of Global X U.S. Preferred ETF by 17.2% in the 4th quarter. Harbour Investments Inc. now owns 6,682 shares of the company’s stock valued at $126,000 after acquiring an additional 981 shares during the period. Finally, Qube Research & Technologies Ltd increased its holdings in shares of Global X U.S. Preferred ETF by 40.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 8,371 shares of the company’s stock valued at $158,000 after acquiring an additional 2,415 shares during the period.

Global X U.S. Preferred ETF Stock Performance

Shares of NYSEARCA:PFFD opened at $18.82 on Tuesday. Global X U.S. Preferred ETF has a 12-month low of $18.22 and a 12-month high of $19.89. The business’s fifty day simple moving average is $18.77 and its 200-day simple moving average is $19.02.

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.