Oppenheimer & Co. Inc. Has $396,000 Stake in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Oppenheimer & Co. Inc. trimmed its stake in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 55.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,781 shares of the company’s stock after selling 25,494 shares during the period. Oppenheimer & Co. Inc.’s holdings in Global X U.S. Preferred ETF were worth $396,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rialto Wealth Management LLC bought a new position in Global X U.S. Preferred ETF during the fourth quarter worth about $31,000. Vermillion Wealth Management Inc. acquired a new stake in Global X U.S. Preferred ETF in the fourth quarter valued at approximately $48,000. Heck Capital Advisors LLC bought a new position in Global X U.S. Preferred ETF in the 4th quarter valued at approximately $48,000. Aptus Capital Advisors LLC lifted its holdings in Global X U.S. Preferred ETF by 89.4% during the 4th quarter. Aptus Capital Advisors LLC now owns 2,962 shares of the company’s stock worth $58,000 after buying an additional 1,398 shares during the period. Finally, Orion Capital Management LLC acquired a new stake in Global X U.S. Preferred ETF during the 4th quarter valued at approximately $74,000.

Global X U.S. Preferred ETF Price Performance

Shares of NYSEARCA:PFFD opened at $18.82 on Wednesday. The business’s 50-day moving average is $18.71 and its 200-day moving average is $19.16. Global X U.S. Preferred ETF has a 1 year low of $17.81 and a 1 year high of $21.08.

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.