Abound Financial LLC purchased a new stake in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 100,602 shares of the company’s stock, valued at approximately $1,963,000. Global X U.S. Preferred ETF makes up about 1.0% of Abound Financial LLC’s investment portfolio, making the stock its 21st biggest position.
A number of other hedge funds and other institutional investors have also modified their holdings of PFFD. Farther Finance Advisors LLC raised its holdings in shares of Global X U.S. Preferred ETF by 3,623.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,085 shares of the company’s stock valued at $43,000 after purchasing an additional 2,029 shares in the last quarter. Heck Capital Advisors LLC bought a new position in shares of Global X U.S. Preferred ETF during the 4th quarter valued at $48,000. Blue Trust Inc. raised its holdings in shares of Global X U.S. Preferred ETF by 822.5% during the 3rd quarter. Blue Trust Inc. now owns 2,500 shares of the company’s stock valued at $49,000 after purchasing an additional 2,229 shares in the last quarter. Angeles Wealth Management LLC bought a new position in shares of Global X U.S. Preferred ETF during the 4th quarter valued at $60,000. Finally, Endeavor Private Wealth Inc. bought a new position in shares of Global X U.S. Preferred ETF during the 4th quarter valued at $91,000.
Global X U.S. Preferred ETF Stock Performance
Global X U.S. Preferred ETF stock opened at $19.74 on Friday. The firm’s fifty day simple moving average is $19.72 and its 200-day simple moving average is $20.20. Global X U.S. Preferred ETF has a 1-year low of $19.06 and a 1-year high of $21.08.
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.
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