Sei Investments Co. Grows Position in Global X U.S. Preferred ETF $PFFD

Sei Investments Co. increased its holdings in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 12.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,116,743 shares of the company’s stock after purchasing an additional 123,362 shares during the period. Sei Investments Co.’s holdings in Global X U.S. Preferred ETF were worth $20,548,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Bank of Montreal Can boosted its holdings in shares of Global X U.S. Preferred ETF by 72.9% during the 4th quarter. Bank of Montreal Can now owns 1,937 shares of the company’s stock valued at $37,000 after acquiring an additional 817 shares during the last quarter. Birchwood Financial Partners Inc. bought a new stake in shares of Global X U.S. Preferred ETF in the fourth quarter worth approximately $40,000. Root Financial Partners LLC purchased a new stake in Global X U.S. Preferred ETF during the 1st quarter valued at $44,000. International Assets Investment Management LLC bought a new stake in shares of Global X U.S. Preferred ETF in the fourth quarter worth $50,000. Finally, AG Campbell Advisory LLC bought a new stake in shares of Global X U.S. Preferred ETF in the fourth quarter worth $50,000.

Global X U.S. Preferred ETF Trading Down 0.8%

NYSEARCA PFFD opened at $18.34 on Thursday. The business’s fifty day moving average is $18.70 and its 200 day moving average is $18.92. Global X U.S. Preferred ETF has a fifty-two week low of $18.22 and a fifty-two week high of $19.89.

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.