Commonwealth Equity Services LLC Grows Stake in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Commonwealth Equity Services LLC grew its holdings in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 18.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 97,705 shares of the company’s stock after purchasing an additional 15,081 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Global X U.S. Preferred ETF were worth $1,906,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Rialto Wealth Management LLC bought a new stake in Global X U.S. Preferred ETF during the fourth quarter valued at approximately $31,000. Heck Capital Advisors LLC purchased a new position in shares of Global X U.S. Preferred ETF during the 4th quarter worth $48,000. Angeles Wealth Management LLC bought a new stake in Global X U.S. Preferred ETF during the fourth quarter valued at about $60,000. Endeavor Private Wealth Inc. bought a new stake in Global X U.S. Preferred ETF during the fourth quarter valued at about $91,000. Finally, Golden State Wealth Management LLC purchased a new stake in Global X U.S. Preferred ETF in the fourth quarter worth about $114,000.

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

PFFD stock opened at $19.13 on Friday. The business’s 50-day moving average price is $19.66 and its 200-day moving average price is $20.09. 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 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.