Fifth Third Bancorp Takes Position in Global X U.S. Preferred ETF $PFFD

Fifth Third Bancorp purchased a new position in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 30,554 shares of the company’s stock, valued at approximately $562,000.

Several other institutional investors and hedge funds have also made changes to their positions in PFFD. Bank of Montreal Can grew its stake in Global X U.S. Preferred ETF by 72.9% in 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. purchased a new position in Global X U.S. Preferred ETF during the 4th quarter valued at about $40,000. Root Financial Partners LLC acquired a new position in Global X U.S. Preferred ETF during the first quarter worth about $44,000. International Assets Investment Management LLC acquired a new position in Global X U.S. Preferred ETF during the fourth quarter worth about $50,000. Finally, AG Campbell Advisory LLC acquired a new position in Global X U.S. Preferred ETF during the fourth quarter worth about $50,000.

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

Shares of NYSEARCA PFFD opened at $18.34 on Thursday. The firm’s 50-day moving average is $18.70 and its two-hundred day moving average is $18.92. Global X U.S. Preferred ETF has a 12-month low of $18.22 and a 12-month 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.