Prospect Financial Services LLC Sells 12,154 Shares of Global X U.S. Preferred ETF $PFFD

Prospect Financial Services LLC lowered its holdings in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 17.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 56,135 shares of the company’s stock after selling 12,154 shares during the quarter. Prospect Financial Services LLC’s holdings in Global X U.S. Preferred ETF were worth $1,057,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. IFP Advisors Inc boosted its holdings in Global X U.S. Preferred ETF by 4.8% in the 1st quarter. IFP Advisors Inc now owns 17,226 shares of the company’s stock worth $328,000 after buying an additional 785 shares during the period. MSH Capital Advisors LLC lifted its position in shares of Global X U.S. Preferred ETF by 3.7% during the first quarter. MSH Capital Advisors LLC now owns 26,358 shares of the company’s stock worth $502,000 after acquiring an additional 945 shares in the last quarter. Meridian Wealth Advisors LLC boosted its holdings in shares of Global X U.S. Preferred ETF by 3.6% in the first quarter. Meridian Wealth Advisors LLC now owns 29,000 shares of the company’s stock worth $552,000 after acquiring an additional 1,000 shares during the period. Sowell Financial Services LLC grew its position in shares of Global X U.S. Preferred ETF by 7.5% in the second quarter. Sowell Financial Services LLC now owns 14,449 shares of the company’s stock valued at $272,000 after purchasing an additional 1,012 shares in the last quarter. Finally, Unison Advisors LLC raised its stake in shares of Global X U.S. Preferred ETF by 2.3% during the 1st quarter. Unison Advisors LLC now owns 62,383 shares of the company’s stock valued at $1,188,000 after purchasing an additional 1,410 shares during the period.

Global X U.S. Preferred ETF Price Performance

Shares of PFFD opened at $18.93 on Friday. Global X U.S. Preferred ETF has a 52-week low of $17.81 and a 52-week high of $20.57. The stock’s 50-day simple moving average is $19.43 and its 200 day simple moving average is $19.12.

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.