JPMorgan Chase & Co. Boosts Position in Global X U.S. Preferred ETF $PFFD

JPMorgan Chase & Co. lifted its stake in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 200.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 107,691 shares of the company’s stock after acquiring an additional 71,884 shares during the period. JPMorgan Chase & Co. owned 0.09% of Global X U.S. Preferred ETF worth $2,092,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of PFFD. Mercer Global Advisors Inc. ADV purchased a new position in shares of Global X U.S. Preferred ETF during the 3rd quarter worth $30,455,000. Flaharty Asset Management LLC purchased a new position in shares of Global X U.S. Preferred ETF during the 3rd quarter worth $20,982,000. FUKOKU MUTUAL LIFE INSURANCE Co raised its holdings 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 acquiring an additional 632,000 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Global X U.S. Preferred ETF by 422.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 735,060 shares of the company’s stock worth $14,282,000 after acquiring an additional 594,391 shares during the period. Finally, Ocean Park Asset Management LLC purchased a new position in shares of Global X U.S. Preferred ETF during the 3rd quarter worth $10,883,000.

Global X U.S. Preferred ETF Trading Up 0.3%

NYSEARCA PFFD opened at $18.47 on Tuesday. Global X U.S. Preferred ETF has a 52 week low of $17.81 and a 52 week high of $19.89. The business’s fifty day simple moving average is $18.99 and its 200-day simple moving average is $19.13.

Global X U.S. Preferred ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.10 per share. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date was Monday, March 2nd.

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.