US Bancorp DE Boosts Position in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

US Bancorp DE increased its holdings in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 16.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,358 shares of the company’s stock after purchasing an additional 1,765 shares during the quarter. US Bancorp DE’s holdings in Global X U.S. Preferred ETF were worth $235,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Bank of America Corp DE increased its position in Global X U.S. Preferred ETF by 15.0% during the fourth quarter. Bank of America Corp DE now owns 6,177,018 shares of the company’s stock worth $120,514,000 after buying an additional 804,185 shares during the period. Global X Japan Co. Ltd. increased its position in Global X U.S. Preferred ETF by 17.2% during the first quarter. Global X Japan Co. Ltd. now owns 3,173,111 shares of the company’s stock worth $60,416,000 after buying an additional 465,090 shares during the period. Hennion & Walsh Asset Management Inc. increased its position in Global X U.S. Preferred ETF by 8.7% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 1,593,344 shares of the company’s stock worth $30,337,000 after buying an additional 127,025 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Global X U.S. Preferred ETF by 11.1% in the first quarter. Envestnet Asset Management Inc. now owns 1,433,222 shares of the company’s stock valued at $27,289,000 after purchasing an additional 143,263 shares during the period. Finally, Full Sail Capital LLC increased its holdings in shares of Global X U.S. Preferred ETF by 26.6% in the fourth quarter. Full Sail Capital LLC now owns 1,368,171 shares of the company’s stock valued at $26,693,000 after purchasing an additional 287,175 shares during the period.

Global X U.S. Preferred ETF Price Performance

NYSEARCA:PFFD opened at $19.32 on Friday. The stock’s 50 day simple moving average is $18.96 and its 200-day simple moving average is $19.03. Global X U.S. Preferred ETF has a 12-month low of $17.81 and a 12-month high of $21.08.

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.