Plan Group Financial LLC Boosts Position in Global X U.S. Preferred ETF $PFFD

Plan Group Financial LLC raised its stake in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 27.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 285,358 shares of the company’s stock after buying an additional 61,965 shares during the period. Global X U.S. Preferred ETF makes up about 1.4% of Plan Group Financial LLC’s investment portfolio, making the stock its 19th biggest position. Plan Group Financial LLC’s holdings in Global X U.S. Preferred ETF were worth $5,396,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC bought a new stake in Global X U.S. Preferred ETF during the 2nd quarter valued at $102,000. Geneos Wealth Management Inc. raised its holdings in shares of Global X U.S. Preferred ETF by 117.0% in the second quarter. Geneos Wealth Management Inc. now owns 5,516 shares of the company’s stock valued at $104,000 after acquiring an additional 2,974 shares in the last quarter. Qube Research & Technologies Ltd lifted its stake in Global X U.S. Preferred ETF by 40.5% in the second quarter. Qube Research & Technologies Ltd now owns 8,371 shares of the company’s stock worth $158,000 after acquiring an additional 2,415 shares during the period. Cerity Partners LLC purchased a new stake in Global X U.S. Preferred ETF in the second quarter worth about $193,000. Finally, Insigneo Advisory Services LLC bought a new position in Global X U.S. Preferred ETF during the 3rd quarter worth about $194,000.

Global X U.S. Preferred ETF Price Performance

NYSEARCA PFFD opened at $19.08 on Thursday. Global X U.S. Preferred ETF has a one year low of $18.22 and a one year high of $19.89. The company’s 50-day simple moving average is $18.81 and its two-hundred day simple moving average is $19.05.

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.