Global X U.S. Preferred ETF (NYSEARCA:PFFD) Shares Sold by Truist Financial Corp

Truist Financial Corp trimmed its stake in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 71.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,995 shares of the company’s stock after selling 30,458 shares during the period. Truist Financial Corp’s holdings in Global X U.S. Preferred ETF were worth $233,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its stake in shares of Global X U.S. Preferred ETF by 220.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,323 shares of the company’s stock worth $26,000 after purchasing an additional 910 shares in the last quarter. Milestone Investment Advisors LLC increased its stake in shares of Global X U.S. Preferred ETF by 99.4% during the 1st quarter. Milestone Investment Advisors LLC now owns 1,811 shares of the company’s stock worth $36,000 after purchasing an additional 903 shares in the last quarter. Creative Financial Designs Inc. ADV increased its stake in shares of Global X U.S. Preferred ETF by 154.1% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 2,620 shares of the company’s stock worth $51,000 after purchasing an additional 1,589 shares in the last quarter. Money Concepts Capital Corp increased its stake in shares of Global X U.S. Preferred ETF by 1,651.8% during the 4th quarter. Money Concepts Capital Corp now owns 3,416 shares of the company’s stock worth $66,000 after purchasing an additional 3,221 shares in the last quarter. Finally, US Bancorp DE purchased a new position in shares of Global X U.S. Preferred ETF during the 1st quarter worth approximately $73,000.

Global X U.S. Preferred ETF Price Performance

Shares of PFFD opened at $18.48 on Tuesday. The firm has a 50 day simple moving average of $18.39 and a 200-day simple moving average of $18.89. Global X U.S. Preferred ETF has a 1-year low of $17.37 and a 1-year high of $21.97.

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.