Traub Capital Management LLC Makes New Investment in Global X U.S. Preferred ETF $PFFD

Traub Capital Management LLC bought a new stake in Global X U.S. Preferred ETF (NYSEARCA:PFFD) during the second quarter, according to its most recent filing with the SEC. The firm bought 109,627 shares of the company’s stock, valued at approximately $2,064,000. Global X U.S. Preferred ETF comprises 1.9% of Traub Capital Management LLC’s holdings, making the stock its 10th biggest holding. Traub Capital Management LLC owned approximately 0.09% of Global X U.S. Preferred ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Orgel Wealth Management LLC bought a new stake in shares of Global X U.S. Preferred ETF in the 2nd quarter worth approximately $131,115,000. New York Life Investment Management LLC grew its holdings in shares of Global X U.S. Preferred ETF by 562.4% in the 2nd quarter. New York Life Investment Management LLC now owns 1,848,925 shares of the company’s stock worth $34,815,000 after purchasing an additional 1,569,805 shares during the last quarter. Global X Japan Co. Ltd. raised its stake in shares of Global X U.S. Preferred ETF by 11.6% in the second quarter. Global X Japan Co. Ltd. now owns 3,540,531 shares of the company’s stock valued at $66,668,000 after acquiring an additional 367,420 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Global X U.S. Preferred ETF by 30.8% in the first quarter. Cetera Investment Advisers now owns 953,135 shares of the company’s stock valued at $18,148,000 after buying an additional 224,650 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Global X U.S. Preferred ETF by 14.6% during the second quarter. Envestnet Asset Management Inc. now owns 1,642,627 shares of the company’s stock worth $30,927,000 after purchasing an additional 209,405 shares in the last quarter.

Global X U.S. Preferred ETF Trading Down 0.3%

Shares of NYSEARCA:PFFD opened at $18.74 on Wednesday. The company has a 50 day moving average of $19.39 and a 200-day moving average of $19.13. Global X U.S. Preferred ETF has a one year low of $17.81 and a one year high of $20.57.

Global X U.S. Preferred ETF Company 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.