Flaharty Asset Management LLC Has $1.82 Million Holdings in Global X U.S. Preferred ETF $PFFD

Flaharty Asset Management LLC lessened its position in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 91.5% in the second quarter, Holdings Channel.com reports. The firm owned 97,614 shares of the company’s stock after selling 1,048,152 shares during the period. Global X U.S. Preferred ETF makes up about 2.6% of Flaharty Asset Management LLC’s investment portfolio, making the stock its 17th largest position. Flaharty Asset Management LLC’s holdings in Global X U.S. Preferred ETF were worth $1,816,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Avior Wealth Management LLC lifted its holdings in shares of Global X U.S. Preferred ETF by 82.6% in the second quarter. Avior Wealth Management LLC now owns 22,915 shares of the company’s stock valued at $428,000 after purchasing an additional 10,369 shares in the last quarter. Collective Family Office LLC grew its holdings in shares of Global X U.S. Preferred ETF by 11.5% during the second quarter. Collective Family Office LLC now owns 777,208 shares of the company’s stock worth $14,526,000 after buying an additional 79,920 shares in the last quarter. Blue Edge Capital LLC grew its holdings in shares of Global X U.S. Preferred ETF by 4.0% during the first quarter. Blue Edge Capital LLC now owns 201,465 shares of the company’s stock worth $3,707,000 after buying an additional 7,718 shares in the last quarter. Cornerstone Wealth LLC TN acquired a new stake in Global X U.S. Preferred ETF in the 1st quarter valued at approximately $384,000. Finally, Ashton Thomas Securities LLC acquired a new stake in Global X U.S. Preferred ETF in the 1st quarter valued at approximately $236,000.

Global X U.S. Preferred ETF Stock Performance

NYSEARCA PFFD opened at $18.60 on Friday. Global X U.S. Preferred ETF has a 52 week low of $18.22 and a 52 week high of $19.89. The stock’s 50 day moving average price is $18.66 and its two-hundred day moving average price is $18.88.

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.