Cetera Investment Advisers boosted its stake in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD – Free Report) by 17.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,254,426 shares of the company’s stock after purchasing an additional 182,979 shares during the period. Cetera Investment Advisers owned approximately 1.11% of Global X U.S. Preferred ETF worth $23,081,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in PFFD. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Global X U.S. Preferred ETF during the 3rd quarter worth $30,455,000. Bessemer Group Inc. acquired a new position in Global X U.S. Preferred ETF in the first quarter valued at $18,434,000. BNP Paribas Financial Markets boosted its holdings in Global X U.S. Preferred ETF by 422.5% in the third quarter. BNP Paribas Financial Markets now owns 735,060 shares of the company’s stock valued at $14,282,000 after acquiring an additional 594,391 shares during the last quarter. Columbus Macro LLC grew its position in Global X U.S. Preferred ETF by 179.2% during the fourth quarter. Columbus Macro LLC now owns 751,499 shares of the company’s stock valued at $14,211,000 after acquiring an additional 482,345 shares during the period. Finally, Carnegie Investment Counsel purchased a new stake in Global X U.S. Preferred ETF during the fourth quarter valued at about $7,464,000.
Global X U.S. Preferred ETF Stock Performance
Shares of NYSEARCA:PFFD opened at $18.36 on Monday. The business has a 50-day moving average of $18.72 and a two-hundred day moving average of $18.94. Global X U.S. Preferred ETF has a 12 month low of $18.22 and a 12 month high of $19.89.
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.
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