Apollon Wealth Management LLC Has $401,000 Position in Global X U.S. Preferred ETF $PFFD

Apollon Wealth Management LLC lowered its position in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 60.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,224 shares of the company’s stock after selling 33,081 shares during the quarter. Apollon Wealth Management LLC’s holdings in Global X U.S. Preferred ETF were worth $401,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Apella Capital LLC lifted its stake in shares of Global X U.S. Preferred ETF by 340.5% during the 3rd quarter. Apella Capital LLC now owns 292,962 shares of the company’s stock worth $5,657,000 after buying an additional 226,460 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co lifted its stake in shares of Global X U.S. Preferred ETF by 68.8% during the 3rd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,551,000 shares of the company’s stock worth $30,136,000 after buying an additional 632,000 shares during the last quarter. Flaharty Asset Management LLC acquired a new stake in shares of Global X U.S. Preferred ETF during the 3rd quarter worth about $20,982,000. MAI Capital Management lifted its stake in shares of Global X U.S. Preferred ETF by 109.2% during the 3rd quarter. MAI Capital Management now owns 631,694 shares of the company’s stock worth $12,274,000 after buying an additional 329,736 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Global X U.S. Preferred ETF by 200.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 107,691 shares of the company’s stock worth $2,092,000 after buying an additional 71,884 shares during the last quarter.

Global X U.S. Preferred ETF Stock Performance

NYSEARCA PFFD opened at $18.96 on Friday. The firm has a 50-day moving average of $18.89 and a 200-day moving average of $19.09. Global X U.S. Preferred ETF has a 52-week low of $18.16 and a 52-week high of $19.89.

Global X U.S. Preferred ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a dividend of $0.10 per share. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend was Monday, March 2nd.

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.