HF Advisory Group LLC Lowers Holdings in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

HF Advisory Group LLC reduced its holdings in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 9.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,073 shares of the company’s stock after selling 2,012 shares during the period. HF Advisory Group LLC’s holdings in Global X U.S. Preferred ETF were worth $389,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. raised its position in Global X U.S. Preferred ETF by 2.1% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 54,090 shares of the company’s stock valued at $1,271,000 after purchasing an additional 1,137 shares in the last quarter. US Bancorp DE purchased a new position in Global X U.S. Preferred ETF in the first quarter worth approximately $73,000. Bank of Montreal Can grew its holdings in Global X U.S. Preferred ETF by 24.6% during the 1st quarter. Bank of Montreal Can now owns 12,775 shares of the company’s stock worth $300,000 after acquiring an additional 2,525 shares in the last quarter. Baird Financial Group Inc. increased its position in shares of Global X U.S. Preferred ETF by 8.8% in the 1st quarter. Baird Financial Group Inc. now owns 26,010 shares of the company’s stock valued at $611,000 after purchasing an additional 2,109 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new stake in shares of Global X U.S. Preferred ETF in the 1st quarter valued at $269,000.

Global X U.S. Preferred ETF Trading Down 0.2 %

Shares of PFFD stock opened at $19.19 on Friday. The firm has a fifty day moving average price of $19.99 and a 200 day moving average price of $19.32. Global X U.S. Preferred ETF has a 12 month low of $17.37 and a 12 month high of $20.43.

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.