Crew Capital Management Ltd. Lowers Stock Position in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Crew Capital Management Ltd. cut its position in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 18.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 35,939 shares of the company’s stock after selling 8,050 shares during the quarter. Crew Capital Management Ltd.’s holdings in Global X U.S. Preferred ETF were worth $701,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in PFFD. Farther Finance Advisors LLC boosted its holdings in Global X U.S. Preferred ETF by 3,623.2% during the third quarter. Farther Finance Advisors LLC now owns 2,085 shares of the company’s stock worth $43,000 after buying an additional 2,029 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in Global X U.S. Preferred ETF during the fourth quarter worth $48,000. Angeles Wealth Management LLC purchased a new stake in Global X U.S. Preferred ETF during the fourth quarter worth $60,000. Endeavor Private Wealth Inc. purchased a new stake in Global X U.S. Preferred ETF during the fourth quarter worth $91,000. Finally, Golden State Wealth Management LLC purchased a new stake in Global X U.S. Preferred ETF during the fourth quarter worth $114,000.

Global X U.S. Preferred ETF Price Performance

Shares of NYSEARCA PFFD opened at $19.56 on Wednesday. The company’s fifty day moving average price is $19.72 and its 200 day moving average price is $20.20. Global X U.S. Preferred ETF has a 1 year low of $19.06 and a 1 year high of $21.08.

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.