HighTower Advisors LLC raised its holdings in Global X U.S. Preferred ETF (NYSEARCA:PFFD – Free Report) by 7.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 382,338 shares of the company’s stock after acquiring an additional 25,063 shares during the period. HighTower Advisors LLC owned about 0.32% of Global X U.S. Preferred ETF worth $7,459,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of Global X U.S. Preferred ETF during the 4th quarter valued at $19,537,000. LPL Financial LLC raised its position in Global X U.S. Preferred ETF by 15.4% in the third quarter. LPL Financial LLC now owns 7,139,593 shares of the company’s stock valued at $148,361,000 after purchasing an additional 950,535 shares during the last quarter. Independent Advisor Alliance bought a new stake in shares of Global X U.S. Preferred ETF during the fourth quarter worth about $6,698,000. SBI Securities Co. Ltd. acquired a new position in shares of Global X U.S. Preferred ETF in the fourth quarter valued at approximately $5,688,000. Finally, Hennion & Walsh Asset Management Inc. increased its stake in shares of Global X U.S. Preferred ETF by 23.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,466,319 shares of the company’s stock valued at $28,608,000 after buying an additional 274,237 shares during the period.
Global X U.S. Preferred ETF Trading Down 0.1 %
NYSEARCA:PFFD opened at $19.50 on Wednesday. Global X U.S. Preferred ETF has a one year low of $19.06 and a one year high of $21.08. The firm’s 50 day simple moving average is $19.67 and its 200 day simple moving average is $20.14.
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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