Smithbridge Asset Management Inc. DE purchased a new stake in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 31,700 shares of the company’s stock, valued at approximately $583,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Root Financial Partners LLC purchased a new stake in Global X U.S. Preferred ETF during the first quarter valued at $44,000. American Institute for Advanced Investment Management LLP boosted its position in Global X U.S. Preferred ETF by 2.4% in the first quarter. American Institute for Advanced Investment Management LLP now owns 37,448 shares of the company’s stock worth $689,000 after purchasing an additional 865 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Global X U.S. Preferred ETF by 65.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 109,350 shares of the company’s stock valued at $2,012,000 after purchasing an additional 43,211 shares during the period. Columbus Macro LLC grew its stake in shares of Global X U.S. Preferred ETF by 22.3% during the 1st quarter. Columbus Macro LLC now owns 919,406 shares of the company’s stock valued at $16,917,000 after purchasing an additional 167,907 shares during the period. Finally, Independent Wealth Network Inc. bought a new stake in shares of Global X U.S. Preferred ETF during the 1st quarter valued at about $194,000.
Global X U.S. Preferred ETF Stock Down 0.2%
NYSEARCA PFFD opened at $18.58 on Friday. The company has a 50-day moving average price of $18.87 and a 200-day moving average price of $18.99. Global X U.S. Preferred ETF has a 52 week low of $18.22 and a 52 week high of $19.89.
About Global X U.S. Preferred ETF
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.
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