David Kennon Inc grew its position in Global X U.S. Preferred ETF (NYSEARCA:PFFD – Free Report) by 7.2% in the first quarter, HoldingsChannel.com reports. The fund owned 421,415 shares of the company’s stock after buying an additional 28,368 shares during the quarter. Global X U.S. Preferred ETF comprises 3.2% of David Kennon Inc’s portfolio, making the stock its 11th biggest position. David Kennon Inc’s holdings in Global X U.S. Preferred ETF were worth $8,024,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Rialto Wealth Management LLC acquired a new stake in Global X U.S. Preferred ETF during the 4th quarter valued at $31,000. Vermillion Wealth Management Inc. acquired a new stake in shares of Global X U.S. Preferred ETF in the fourth quarter valued at $48,000. Heck Capital Advisors LLC bought a new position in shares of Global X U.S. Preferred ETF in the fourth quarter valued at about $48,000. Aptus Capital Advisors LLC lifted its position in Global X U.S. Preferred ETF by 89.4% during the 4th quarter. Aptus Capital Advisors LLC now owns 2,962 shares of the company’s stock worth $58,000 after buying an additional 1,398 shares in the last quarter. Finally, Orion Capital Management LLC bought a new stake in Global X U.S. Preferred ETF during the 4th quarter worth about $74,000.
Global X U.S. Preferred ETF Stock Performance
PFFD opened at $18.61 on Monday. Global X U.S. Preferred ETF has a 1-year low of $17.81 and a 1-year high of $21.08. The firm has a 50-day moving average price of $18.64 and a two-hundred day moving average price of $19.22.
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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