Rialto Wealth Management LLC Invests $31,000 in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Rialto Wealth Management LLC purchased a new position in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,566 shares of the company’s stock, valued at approximately $31,000.

Other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in Global X U.S. Preferred ETF by 3,623.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,085 shares of the company’s stock worth $43,000 after purchasing an additional 2,029 shares during the period. Intrepid Financial Planning Group LLC grew its holdings in Global X U.S. Preferred ETF by 2.0% during the third quarter. Intrepid Financial Planning Group LLC now owns 30,235 shares of the company’s stock worth $628,000 after acquiring an additional 590 shares during the period. Avior Wealth Management LLC raised its position in Global X U.S. Preferred ETF by 13.6% in the third quarter. Avior Wealth Management LLC now owns 13,959 shares of the company’s stock worth $290,000 after acquiring an additional 1,666 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in Global X U.S. Preferred ETF in the third quarter valued at $534,000. Finally, LPL Financial LLC boosted its position in shares of Global X U.S. Preferred ETF by 15.4% during the 3rd quarter. LPL Financial LLC now owns 7,139,593 shares of the company’s stock worth $148,361,000 after purchasing an additional 950,535 shares in the last quarter.

Global X U.S. Preferred ETF Stock Down 0.4 %

NYSEARCA:PFFD opened at $19.42 on Monday. The firm’s fifty day simple moving average is $19.72 and its 200-day simple moving average is $20.19. Global X U.S. Preferred ETF has a fifty-two week low of $19.06 and a fifty-two week high of $21.08.

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.