UBS Group AG Trims Stock Holdings in Global X U.S. Preferred ETF $PFFD

UBS Group AG lowered its holdings in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 20.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 703,670 shares of the company’s stock after selling 185,538 shares during the period. UBS Group AG owned approximately 0.61% of Global X U.S. Preferred ETF worth $13,306,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Carnegie Investment Counsel purchased a new position in Global X U.S. Preferred ETF in the 4th quarter valued at approximately $7,464,000. Collective Family Office LLC lifted its position in shares of Global X U.S. Preferred ETF by 21.4% during the fourth quarter. Collective Family Office LLC now owns 607,376 shares of the company’s stock worth $11,485,000 after acquiring an additional 106,896 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Global X U.S. Preferred ETF by 200.8% during the third quarter. JPMorgan Chase & Co. now owns 107,691 shares of the company’s stock worth $2,092,000 after acquiring an additional 71,884 shares in the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co boosted its holdings in shares of Global X U.S. Preferred ETF by 68.8% in the third quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,551,000 shares of the company’s stock worth $30,136,000 after acquiring an additional 632,000 shares during the period. Finally, Flaharty Asset Management LLC bought a new position in shares of Global X U.S. Preferred ETF in the third quarter worth $20,982,000.

Global X U.S. Preferred ETF Trading Up 0.1%

Shares of NYSEARCA PFFD opened at $19.05 on Friday. Global X U.S. Preferred ETF has a fifty-two week low of $18.22 and a fifty-two week high of $19.89. The stock has a fifty day moving average of $18.79 and a 200-day moving average of $19.04.

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.