Collaborative Wealth Managment Inc. lessened its holdings in Global X U.S. Preferred ETF (NYSEARCA:PFFD – Free Report) by 83.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,294 shares of the company’s stock after selling 160,274 shares during the period. Collaborative Wealth Managment Inc.’s holdings in Global X U.S. Preferred ETF were worth $594,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Orgel Wealth Management LLC lifted its stake in Global X U.S. Preferred ETF by 4.9% in the 4th quarter. Orgel Wealth Management LLC now owns 7,370,268 shares of the company’s stock worth $139,372,000 after acquiring an additional 343,311 shares in the last quarter. Bank of America Corp DE grew its stake in Global X U.S. Preferred ETF by 0.7% during the 3rd quarter. Bank of America Corp DE now owns 5,706,946 shares of the company’s stock valued at $110,886,000 after acquiring an additional 41,798 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Global X U.S. Preferred ETF during the 3rd quarter valued at about $30,455,000. CWM LLC increased its holdings in shares of Global X U.S. Preferred ETF by 5.0% in the 4th quarter. CWM LLC now owns 1,426,501 shares of the company’s stock valued at $26,975,000 after purchasing an additional 67,943 shares during the period. Finally, Flaharty Asset Management LLC increased its holdings in shares of Global X U.S. Preferred ETF by 4.0% in the 4th quarter. Flaharty Asset Management LLC now owns 1,122,939 shares of the company’s stock valued at $21,235,000 after purchasing an additional 43,052 shares during the period.
Global X U.S. Preferred ETF Price Performance
NYSEARCA PFFD opened at $18.65 on Thursday. The company has a 50 day simple moving average of $18.80 and a 200-day simple moving average of $18.96. Global X U.S. Preferred ETF has a 52-week low of $18.22 and a 52-week high of $19.89.
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.
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