Global X U.S. Preferred ETF $PFFD Position Cut by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its holdings in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 13.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,413,810 shares of the company’s stock after selling 228,817 shares during the quarter. Envestnet Asset Management Inc. owned 1.17% of Global X U.S. Preferred ETF worth $27,470,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Apella Capital LLC increased its holdings in shares of Global X U.S. Preferred ETF by 340.5% during the third quarter. Apella Capital LLC now owns 292,962 shares of the company’s stock valued at $5,657,000 after purchasing an additional 226,460 shares during the period. Foundations Investment Advisors LLC bought a new position in Global X U.S. Preferred ETF in the 2nd quarter valued at about $294,000. Savvy Advisors Inc. acquired a new position in Global X U.S. Preferred ETF during the 2nd quarter valued at about $214,000. CreativeOne Wealth LLC increased its stake in Global X U.S. Preferred ETF by 3.9% during the 2nd quarter. CreativeOne Wealth LLC now owns 87,061 shares of the company’s stock valued at $1,639,000 after buying an additional 3,299 shares during the period. Finally, Flaharty Asset Management LLC bought a new stake in shares of Global X U.S. Preferred ETF during the 3rd quarter worth about $20,982,000.

Global X U.S. Preferred ETF Stock Down 0.8%

Shares of NYSEARCA:PFFD opened at $19.23 on Friday. The company has a 50 day moving average of $19.24 and a 200-day moving average of $19.27. Global X U.S. Preferred ETF has a twelve month low of $17.81 and a twelve month high of $19.91.

Global X U.S. Preferred ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.10 per share. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend was Monday, February 2nd.

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.