LPL Financial LLC Increases Holdings in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

LPL Financial LLC boosted its position in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 14.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,201,933 shares of the company’s stock after purchasing an additional 1,062,340 shares during the period. LPL Financial LLC owned 0.07% of Global X U.S. Preferred ETF worth $160,020,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Trilogy Capital Inc. raised its stake in shares of Global X U.S. Preferred ETF by 2.8% during the 4th quarter. Trilogy Capital Inc. now owns 18,109 shares of the company’s stock valued at $353,000 after buying an additional 501 shares during the last quarter. Corient Private Wealth LLC grew its holdings in Global X U.S. Preferred ETF by 2.2% during the fourth quarter. Corient Private Wealth LLC now owns 28,689 shares of the company’s stock worth $560,000 after acquiring an additional 624 shares during the period. Freestone Capital Holdings LLC raised its position in Global X U.S. Preferred ETF by 7.7% during the fourth quarter. Freestone Capital Holdings LLC now owns 11,634 shares of the company’s stock valued at $227,000 after acquiring an additional 833 shares in the last quarter. Financial Advocates Investment Management lifted its holdings in Global X U.S. Preferred ETF by 4.3% in the fourth quarter. Financial Advocates Investment Management now owns 22,812 shares of the company’s stock valued at $445,000 after acquiring an additional 938 shares during the period. Finally, Centaurus Financial Inc. boosted its position in Global X U.S. Preferred ETF by 4.1% in the 3rd quarter. Centaurus Financial Inc. now owns 23,877 shares of the company’s stock worth $496,000 after purchasing an additional 947 shares in the last quarter.

Global X U.S. Preferred ETF Stock Down 0.1 %

NYSEARCA:PFFD opened at $19.47 on Tuesday. The company has a 50 day moving average price of $19.68 and a 200-day moving average price of $20.12. Global X U.S. Preferred ETF has a 1-year low of $19.06 and a 1-year high of $21.08.

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.