Robertson Stephens Wealth Management LLC Trims Stake in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Robertson Stephens Wealth Management LLC lowered its stake in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 33.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 225,400 shares of the company’s stock after selling 113,772 shares during the quarter. Robertson Stephens Wealth Management LLC owned approximately 0.19% of Global X U.S. Preferred ETF worth $4,421,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. LPL Financial LLC raised its holdings in Global X U.S. Preferred ETF by 15.4% in the 3rd quarter. LPL Financial LLC now owns 7,139,593 shares of the company’s stock valued at $148,361,000 after acquiring an additional 950,535 shares during the last quarter. Global X Japan Co. Ltd. raised its holdings in Global X U.S. Preferred ETF by 11.2% in the 3rd quarter. Global X Japan Co. Ltd. now owns 2,699,498 shares of the company’s stock valued at $56,096,000 after acquiring an additional 271,468 shares during the last quarter. Orgel Wealth Management LLC raised its holdings in Global X U.S. Preferred ETF by 9.6% in the 3rd quarter. Orgel Wealth Management LLC now owns 2,233,236 shares of the company’s stock valued at $46,407,000 after acquiring an additional 195,514 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in Global X U.S. Preferred ETF by 23.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,466,319 shares of the company’s stock valued at $28,608,000 after acquiring an additional 274,237 shares during the last quarter. Finally, Advisors Management Group Inc. ADV raised its holdings in Global X U.S. Preferred ETF by 3.7% in the 4th quarter. Advisors Management Group Inc. ADV now owns 1,043,416 shares of the company’s stock valued at $20,357,000 after acquiring an additional 37,626 shares during the last quarter.

Global X U.S. Preferred ETF Trading Up 0.7 %

Shares of PFFD opened at $19.76 on Thursday. The stock has a fifty day moving average of $19.85 and a two-hundred day moving average of $20.20. Global X U.S. Preferred ETF has a fifty-two week low of $19.06 and a fifty-two week 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.