Envestnet Portfolio Solutions Inc. Boosts Stock Holdings in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Envestnet Portfolio Solutions Inc. boosted its position in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 17.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 30,449 shares of the company’s stock after purchasing an additional 4,625 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Global X U.S. Preferred ETF were worth $594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Integras Partners LLC bought a new stake in Global X U.S. Preferred ETF in the 4th quarter valued at about $5,243,000. Commonwealth Equity Services LLC increased its stake in shares of Global X U.S. Preferred ETF by 18.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 97,705 shares of the company’s stock worth $1,906,000 after purchasing an additional 15,081 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Global X U.S. Preferred ETF by 7.0% in the fourth quarter. HighTower Advisors LLC now owns 382,338 shares of the company’s stock valued at $7,459,000 after purchasing an additional 25,063 shares during the period. Inspire Advisors LLC lifted its stake in shares of Global X U.S. Preferred ETF by 3.9% during the 4th quarter. Inspire Advisors LLC now owns 30,683 shares of the company’s stock valued at $599,000 after buying an additional 1,164 shares in the last quarter. Finally, Independent Advisor Alliance bought a new position in Global X U.S. Preferred ETF in the 4th quarter worth approximately $6,698,000.

Global X U.S. Preferred ETF Trading Down 0.1 %

NYSEARCA:PFFD opened at $19.47 on Tuesday. The business’s fifty day moving average is $19.68 and its 200 day moving average is $20.12. Global X U.S. Preferred ETF has a 52-week low of $19.06 and a 52-week high of $21.08.

Global X U.S. Preferred ETF Company 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.