Flaharty Asset Management LLC Has $1.82 Million Position in Global X U.S. Preferred ETF $PFFD

Flaharty Asset Management LLC lessened its position in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 91.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 97,614 shares of the company’s stock after selling 1,048,152 shares during the period. Global X U.S. Preferred ETF makes up about 2.6% of Flaharty Asset Management LLC’s investment portfolio, making the stock its 17th biggest holding. Flaharty Asset Management LLC owned about 0.08% of Global X U.S. Preferred ETF worth $1,816,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PFFD. Mercer Global Advisors Inc. ADV acquired a new position in shares of Global X U.S. Preferred ETF in the 3rd quarter valued at $30,455,000. Bessemer Group Inc. bought a new position in Global X U.S. Preferred ETF during the first quarter worth about $18,434,000. BNP Paribas Financial Markets grew its stake in Global X U.S. Preferred ETF by 422.5% in the third quarter. BNP Paribas Financial Markets now owns 735,060 shares of the company’s stock valued at $14,282,000 after acquiring an additional 594,391 shares during the period. Cetera Investment Advisers grew its stake in Global X U.S. Preferred ETF by 81.4% in the fourth quarter. Cetera Investment Advisers now owns 1,071,447 shares of the company’s stock valued at $20,261,000 after acquiring an additional 480,895 shares during the period. Finally, Carnegie Investment Counsel bought a new stake in shares of Global X U.S. Preferred ETF in the fourth quarter worth about $7,464,000.

Global X U.S. Preferred ETF Stock Performance

Shares of Global X U.S. Preferred ETF stock opened at $18.60 on Friday. The business has a 50-day moving average of $18.66 and a two-hundred day moving average of $18.88. Global X U.S. Preferred ETF has a 1 year low of $18.22 and a 1 year high of $19.89.

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.