Austin Wealth Management LLC cut its stake in Global X U.S. Preferred ETF (NYSEARCA:PFFD – Free Report) by 26.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,204 shares of the company’s stock after selling 7,360 shares during the period. Austin Wealth Management LLC’s holdings in Global X U.S. Preferred ETF were worth $400,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in Global X U.S. Preferred ETF in the fourth quarter valued at approximately $19,537,000. LPL Financial LLC raised its position in shares of Global X U.S. Preferred ETF by 15.4% in the third quarter. LPL Financial LLC now owns 7,139,593 shares of the company’s stock valued at $148,361,000 after purchasing an additional 950,535 shares during the period. Independent Advisor Alliance acquired a new stake in Global X U.S. Preferred ETF during the fourth quarter worth approximately $6,698,000. SBI Securities Co. Ltd. acquired a new stake in Global X U.S. Preferred ETF during the fourth quarter worth approximately $5,688,000. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in Global X U.S. Preferred ETF by 23.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,466,319 shares of the company’s stock worth $28,608,000 after purchasing an additional 274,237 shares during the last quarter.
Global X U.S. Preferred ETF Trading Down 0.3 %
Shares of PFFD opened at $19.25 on Wednesday. Global X U.S. Preferred ETF has a 52 week low of $19.06 and a 52 week high of $21.08. The stock has a fifty day moving average of $19.71 and a 200-day moving average of $20.17.
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.
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