L & S Advisors Inc Decreases Stock Holdings in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

L & S Advisors Inc reduced its holdings in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 3.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,539 shares of the company’s stock after selling 1,585 shares during the period. L & S Advisors Inc’s holdings in Global X U.S. Preferred ETF were worth $771,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. LPL Financial LLC boosted its stake in shares of Global X U.S. Preferred ETF by 14.9% during the 4th quarter. LPL Financial LLC now owns 8,201,933 shares of the company’s stock worth $160,020,000 after purchasing an additional 1,062,340 shares during the period. Global X Japan Co. Ltd. lifted its stake in Global X U.S. Preferred ETF by 0.3% in the fourth quarter. Global X Japan Co. Ltd. now owns 2,708,021 shares of the company’s stock worth $52,833,000 after purchasing an additional 8,523 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in shares of Global X U.S. Preferred ETF by 23.0% during 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. Advisors Management Group Inc. ADV grew its stake in shares of Global X U.S. Preferred ETF by 3.7% during the fourth quarter. Advisors Management Group Inc. ADV now owns 1,043,416 shares of the company’s stock valued at $20,357,000 after buying an additional 37,626 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Global X U.S. Preferred ETF in the fourth quarter worth approximately $19,537,000.

Global X U.S. Preferred ETF Price Performance

Shares of PFFD stock opened at $19.13 on Friday. The stock has a 50 day moving average price of $19.66 and a 200 day moving average price of $20.09. Global X U.S. Preferred ETF has a 52-week low of $19.06 and a 52-week high of $21.08.

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.