Bessemer Group Inc. bought a new stake in Global X U.S. Preferred ETF (NYSEARCA:PFFD – Free Report) in the 1st quarter, Holdings Channel.com reports. The fund bought 1,001,871 shares of the company’s stock, valued at approximately $18,434,000.
Other large investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its stake in Global X U.S. Preferred ETF by 1,157.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 153,598 shares of the company’s stock worth $2,925,000 after buying an additional 141,386 shares during the last quarter. Cerity Partners LLC purchased a new stake in Global X U.S. Preferred ETF in the 2nd quarter valued at about $193,000. Qube Research & Technologies Ltd increased its stake in shares of Global X U.S. Preferred ETF by 40.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 8,371 shares of the company’s stock valued at $158,000 after acquiring an additional 2,415 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Global X U.S. Preferred ETF by 9.3% during the 2nd quarter. NewEdge Advisors LLC now owns 90,238 shares of the company’s stock valued at $1,699,000 after acquiring an additional 7,671 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Global X U.S. Preferred ETF by 31.7% during the 2nd quarter. Sei Investments Co. now owns 764,477 shares of the company’s stock worth $14,395,000 after acquiring an additional 183,876 shares during the period.
Global X U.S. Preferred ETF Trading Up 0.1%
Shares of PFFD stock opened at $18.59 on Friday. The firm’s 50-day simple moving average is $18.78 and its 200-day simple moving average is $18.96. Global X U.S. Preferred ETF has a 1-year low of $18.22 and a 1-year 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.
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Want to see what other hedge funds are holding PFFD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global X U.S. Preferred ETF (NYSEARCA:PFFD – Free Report).
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