First Interstate Bank Takes $2.29 Million Position in Global X U.S. Preferred ETF $PFFD

First Interstate Bank bought a new stake in Global X U.S. Preferred ETF (NYSEARCA:PFFD) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 121,662 shares of the company’s stock, valued at approximately $2,291,000. First Interstate Bank owned about 0.10% of Global X U.S. Preferred ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Orgel Wealth Management LLC bought a new stake in shares of Global X U.S. Preferred ETF in the 2nd quarter valued at about $131,115,000. Global X Japan Co. Ltd. raised its position in Global X U.S. Preferred ETF by 11.6% during the 2nd quarter. Global X Japan Co. Ltd. now owns 3,540,531 shares of the company’s stock valued at $66,668,000 after purchasing an additional 367,420 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Global X U.S. Preferred ETF by 11.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,433,222 shares of the company’s stock valued at $27,289,000 after purchasing an additional 143,263 shares during the last quarter. Full Sail Capital LLC raised its position in Global X U.S. Preferred ETF by 4.3% during the 1st quarter. Full Sail Capital LLC now owns 1,426,866 shares of the company’s stock valued at $27,168,000 after purchasing an additional 58,695 shares during the last quarter. Finally, CWM LLC raised its position in Global X U.S. Preferred ETF by 1.5% during the 2nd quarter. CWM LLC now owns 1,345,912 shares of the company’s stock valued at $25,344,000 after purchasing an additional 19,870 shares during the last quarter.

Global X U.S. Preferred ETF Stock Down 0.2%

PFFD opened at $19.27 on Monday. The business has a 50 day simple moving average of $19.48 and a two-hundred day simple moving average of $19.01. Global X U.S. Preferred ETF has a one year low of $17.81 and a one year high of $20.95.

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.