David Kennon Inc Acquires 8,339 Shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD)

David Kennon Inc increased its holdings in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 393,047 shares of the company’s stock after buying an additional 8,339 shares during the period. Global X U.S. Preferred ETF accounts for 3.0% of David Kennon Inc’s holdings, making the stock its 10th largest position. David Kennon Inc owned 0.33% of Global X U.S. Preferred ETF worth $7,668,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Farther Finance Advisors LLC lifted its holdings in shares of Global X U.S. Preferred ETF by 3,623.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,085 shares of the company’s stock worth $43,000 after acquiring an additional 2,029 shares during the period. Blue Trust Inc. lifted its stake in Global X U.S. Preferred ETF by 822.5% during the third quarter. Blue Trust Inc. now owns 2,500 shares of the company’s stock worth $49,000 after purchasing an additional 2,229 shares during the last quarter. Endeavor Private Wealth Inc. acquired a new stake in shares of Global X U.S. Preferred ETF in the 4th quarter valued at $91,000. Future Financial Wealth Managment LLC bought a new position in shares of Global X U.S. Preferred ETF in the 3rd quarter valued at $131,000. Finally, Jacobsen Capital Management acquired a new position in shares of Global X U.S. Preferred ETF during the 3rd quarter worth $203,000.

Global X U.S. Preferred ETF Stock Down 0.9 %

NYSEARCA:PFFD opened at $19.96 on Wednesday. Global X U.S. Preferred ETF has a twelve month low of $19.06 and a twelve month high of $21.08. The stock’s 50-day simple moving average is $19.92 and its 200 day simple moving average is $20.21.

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.