Cornerstone Wealth Management LLC Trims Position in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Cornerstone Wealth Management LLC trimmed its position in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 12.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,433 shares of the company’s stock after selling 3,274 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Global X U.S. Preferred ETF were worth $457,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PFFD. Wealthcare Advisory Partners LLC lifted its stake in Global X U.S. Preferred ETF by 12.1% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 19,679 shares of the company’s stock worth $384,000 after purchasing an additional 2,118 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Global X U.S. Preferred ETF by 11.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 27,063 shares of the company’s stock worth $562,000 after purchasing an additional 2,676 shares during the period. Stifel Financial Corp raised its position in shares of Global X U.S. Preferred ETF by 19.3% in the third quarter. Stifel Financial Corp now owns 21,285 shares of the company’s stock worth $442,000 after buying an additional 3,437 shares in the last quarter. Farther Finance Advisors LLC boosted its stake 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 valued at $43,000 after buying an additional 2,029 shares during the period. Finally, Full Sail Capital LLC grew its position in Global X U.S. Preferred ETF by 7.9% during the second quarter. Full Sail Capital LLC now owns 1,059,788 shares of the company’s stock worth $20,857,000 after buying an additional 77,267 shares in the last quarter.

Global X U.S. Preferred ETF Stock Up 0.5 %

NYSEARCA:PFFD opened at $19.99 on Friday. The business’s 50-day moving average price is $19.93 and its two-hundred day moving average price is $20.20. Global X U.S. Preferred ETF has a twelve month low of $19.06 and a twelve month 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.