HighTower Advisors LLC lowered its stake in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD – Free Report) by 18.7% in the fourth quarter, Holdings Channel reports. The firm owned 251,045 shares of the company’s stock after selling 57,745 shares during the period. HighTower Advisors LLC’s holdings in Global X U.S. Preferred ETF were worth $4,747,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in PFFD. Mercer Global Advisors Inc. ADV bought a new stake in Global X U.S. Preferred ETF during the third quarter worth approximately $30,455,000. Flaharty Asset Management LLC bought a new position in Global X U.S. Preferred ETF in the 3rd quarter worth approximately $20,982,000. FUKOKU MUTUAL LIFE INSURANCE Co lifted its holdings in shares of Global X U.S. Preferred ETF by 68.8% during the third quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,551,000 shares of the company’s stock worth $30,136,000 after buying an additional 632,000 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Global X U.S. Preferred ETF by 422.5% during the third quarter. BNP Paribas Financial Markets now owns 735,060 shares of the company’s stock worth $14,282,000 after buying an additional 594,391 shares during the last quarter. Finally, Columbus Macro LLC lifted its holdings in shares of Global X U.S. Preferred ETF by 179.2% during the fourth quarter. Columbus Macro LLC now owns 751,499 shares of the company’s stock worth $14,211,000 after buying an additional 482,345 shares during the last quarter.
Global X U.S. Preferred ETF Trading Up 0.3%
Shares of PFFD stock opened at $19.00 on Friday. Global X U.S. Preferred ETF has a 12 month low of $18.22 and a 12 month high of $19.89. The stock has a 50 day moving average of $18.79 and a 200-day moving average of $19.01.
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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