Modern Wealth Management LLC Buys 315,346 Shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Modern Wealth Management LLC increased its stake in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 98.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 636,103 shares of the company’s stock after purchasing an additional 315,346 shares during the quarter. Modern Wealth Management LLC owned approximately 0.53% of Global X U.S. Preferred ETF worth $12,538,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings in shares of Global X U.S. Preferred ETF by 14.9% in the 4th quarter. LPL Financial LLC now owns 8,201,933 shares of the company’s stock valued at $160,020,000 after buying an additional 1,062,340 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Global X U.S. Preferred ETF in the fourth quarter valued at approximately $19,537,000. Independent Advisor Alliance purchased a new position in Global X U.S. Preferred ETF in the fourth quarter worth $6,698,000. SBI Securities Co. Ltd. acquired a new position in shares of Global X U.S. Preferred ETF during the fourth quarter worth $5,688,000. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Global X U.S. Preferred ETF by 23.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,466,319 shares of the company’s stock valued at $28,608,000 after purchasing an additional 274,237 shares during the last quarter.

Global X U.S. Preferred ETF Price Performance

Global X U.S. Preferred ETF stock opened at $19.47 on Tuesday. The business has a fifty day moving average price of $19.68 and a 200-day moving average price of $20.12. Global X U.S. Preferred ETF has a 1-year low of $19.06 and a 1-year high of $21.08.

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.