1900 Wealth Management LLC Decreases Stake in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

1900 Wealth Management LLC cut its holdings in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 76.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,248 shares of the company’s stock after selling 42,105 shares during the period. 1900 Wealth Management LLC’s holdings in Global X U.S. Preferred ETF were worth $257,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in PFFD. Creative Planning raised its stake in Global X U.S. Preferred ETF by 65.1% in the 3rd quarter. Creative Planning now owns 802,871 shares of the company’s stock valued at $15,102,000 after purchasing an additional 316,438 shares during the last quarter. HighTower Advisors LLC raised its stake in Global X U.S. Preferred ETF by 1,995.2% in the 3rd quarter. HighTower Advisors LLC now owns 245,248 shares of the company’s stock valued at $4,617,000 after purchasing an additional 233,543 shares during the last quarter. Leicht Financial Planning & Wealth Management Inc. acquired a new position in Global X U.S. Preferred ETF in the 4th quarter valued at about $3,560,000. LPL Financial LLC raised its stake in Global X U.S. Preferred ETF by 10.0% in the 3rd quarter. LPL Financial LLC now owns 1,518,728 shares of the company’s stock valued at $28,567,000 after purchasing an additional 137,982 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its stake in Global X U.S. Preferred ETF by 25.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 641,025 shares of the company’s stock valued at $12,436,000 after purchasing an additional 130,979 shares during the last quarter.

Global X U.S. Preferred ETF Stock Up 1.0 %

NYSEARCA PFFD opened at $19.59 on Wednesday. Global X U.S. Preferred ETF has a 12 month low of $17.37 and a 12 month high of $20.43. The company has a 50-day moving average of $19.96 and a 200-day moving average of $19.37.

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.