Vestmark Advisory Solutions Inc. Raises Holdings in Global X U.S. Preferred ETF $PFFD

Vestmark Advisory Solutions Inc. boosted its stake in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 149.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 118,666 shares of the company’s stock after buying an additional 71,133 shares during the period. Vestmark Advisory Solutions Inc. owned 0.10% of Global X U.S. Preferred ETF worth $2,234,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Envestnet Asset Management Inc. lifted its position in Global X U.S. Preferred ETF by 11.1% during the first quarter. Envestnet Asset Management Inc. now owns 1,433,222 shares of the company’s stock valued at $27,289,000 after acquiring an additional 143,263 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in Global X U.S. Preferred ETF in the second quarter worth $149,000. Raymond James Financial Inc. increased its position in shares of Global X U.S. Preferred ETF by 5.5% during the first quarter. Raymond James Financial Inc. now owns 1,056,338 shares of the company’s stock worth $20,113,000 after purchasing an additional 54,974 shares in the last quarter. Avantax Advisory Services Inc. lifted its holdings in shares of Global X U.S. Preferred ETF by 5.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 35,161 shares of the company’s stock valued at $669,000 after purchasing an additional 1,825 shares during the last quarter. Finally, Savvy Advisors Inc. acquired a new stake in shares of Global X U.S. Preferred ETF in the 2nd quarter worth $214,000.

Global X U.S. Preferred ETF Stock Performance

Shares of PFFD stock opened at $19.05 on Monday. The stock’s fifty day moving average price is $19.45 and its 200 day moving average price is $19.11. Global X U.S. Preferred ETF has a 1-year low of $17.81 and a 1-year high of $20.80.

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.