Ameriprise Financial Inc. Increases Stake in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Ameriprise Financial Inc. raised its position in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 4.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 515,886 shares of the company’s stock after acquiring an additional 20,689 shares during the period. Ameriprise Financial Inc. owned approximately 0.43% of Global X U.S. Preferred ETF worth $10,061,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealthcare Advisory Partners LLC boosted its position in shares of Global X U.S. Preferred ETF by 12.1% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 19,679 shares of the company’s stock worth $384,000 after purchasing an additional 2,118 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new stake in Global X U.S. Preferred ETF during the fourth quarter worth about $350,000. Janney Montgomery Scott LLC grew its position in Global X U.S. Preferred ETF by 70.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 32,924 shares of the company’s stock worth $642,000 after buying an additional 13,579 shares during the period. Stifel Financial Corp grew its position in Global X U.S. Preferred ETF by 28.6% during the fourth quarter. Stifel Financial Corp now owns 27,376 shares of the company’s stock worth $534,000 after buying an additional 6,091 shares during the period. Finally, Jane Street Group LLC increased its holdings in Global X U.S. Preferred ETF by 146.5% in the fourth quarter. Jane Street Group LLC now owns 88,594 shares of the company’s stock valued at $1,728,000 after buying an additional 52,658 shares in the last quarter.

Global X U.S. Preferred ETF Price Performance

Shares of NYSEARCA:PFFD opened at $18.90 on Tuesday. The business’s 50 day simple moving average is $18.78 and its 200-day simple moving average is $19.52. Global X U.S. Preferred ETF has a 12 month low of $17.81 and a 12 month high of $21.08.

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.