Kestra Investment Management LLC Makes New Investment in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Kestra Investment Management LLC acquired a new stake in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 30,646 shares of the company’s stock, valued at approximately $637,000.

Other large investors also recently modified their holdings of the company. Intrepid Financial Planning Group LLC lifted its stake in Global X U.S. Preferred ETF by 2.0% in the third quarter. Intrepid Financial Planning Group LLC now owns 30,235 shares of the company’s stock worth $628,000 after purchasing an additional 590 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Global X U.S. Preferred ETF by 32.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,683 shares of the company’s stock valued at $53,000 after acquiring an additional 650 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Global X U.S. Preferred ETF by 0.7% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 121,987 shares of the company’s stock valued at $2,401,000 after acquiring an additional 826 shares during the period. Rockport Wealth LLC increased its stake in Global X U.S. Preferred ETF by 1.6% in the 2nd quarter. Rockport Wealth LLC now owns 53,835 shares of the company’s stock worth $1,059,000 after purchasing an additional 834 shares during the period. Finally, Arden Trust Co increased its stake in Global X U.S. Preferred ETF by 5.1% in the 2nd quarter. Arden Trust Co now owns 17,723 shares of the company’s stock worth $349,000 after purchasing an additional 852 shares during the period.

Global X U.S. Preferred ETF Stock Performance

Shares of Global X U.S. Preferred ETF stock opened at $20.52 on Monday. Global X U.S. Preferred ETF has a 52-week low of $18.87 and a 52-week high of $21.08. The company’s 50 day moving average price is $20.62 and its 200-day moving average price is $20.15.

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.