Merit Financial Group LLC Invests $2.40 Million in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Merit Financial Group LLC acquired a new position in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 123,896 shares of the company’s stock, valued at approximately $2,404,000. Merit Financial Group LLC owned approximately 0.10% of Global X U.S. Preferred ETF at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC grew its holdings in Global X U.S. Preferred ETF by 2.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 74,457 shares of the company’s stock valued at $1,401,000 after buying an additional 2,007 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in Global X U.S. Preferred ETF by 13.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 510,046 shares of the company’s stock valued at $9,594,000 after purchasing an additional 59,142 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of Global X U.S. Preferred ETF by 15.0% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 139,834 shares of the company’s stock worth $2,630,000 after purchasing an additional 18,200 shares during the last quarter. Park Avenue Securities LLC raised its position in shares of Global X U.S. Preferred ETF by 220.5% in the third quarter. Park Avenue Securities LLC now owns 77,686 shares of the company’s stock valued at $1,461,000 after buying an additional 53,447 shares during the last quarter. Finally, Orgel Wealth Management LLC lifted its stake in shares of Global X U.S. Preferred ETF by 0.7% during the third quarter. Orgel Wealth Management LLC now owns 4,672,018 shares of the company’s stock valued at $87,881,000 after buying an additional 32,941 shares during the period.

Global X U.S. Preferred ETF Trading Up 1.3 %

PFFD traded up $0.24 during trading on Friday, hitting $19.66. The company’s stock had a trading volume of 597,606 shares, compared to its average volume of 751,980. Global X U.S. Preferred ETF has a twelve month low of $17.37 and a twelve month high of $20.43. The firm’s 50 day moving average price is $19.88 and its 200-day moving average price is $19.43.

Global X U.S. Preferred ETF Company 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.