101,232 Global X U.S. Preferred ETF $PFFD Shares Bought by Orgel Wealth Management LLC

Orgel Wealth Management LLC raised its stake in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 1.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 6,927,424 shares of the company’s stock after buying an additional 101,232 shares during the period. Global X U.S. Preferred ETF comprises about 2.3% of Orgel Wealth Management LLC’s portfolio, making the stock its 16th largest holding. Orgel Wealth Management LLC owned 0.06% of Global X U.S. Preferred ETF worth $121,923,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of PFFD. Envestnet Asset Management Inc. lifted its holdings in shares of Global X U.S. Preferred ETF by 12.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,522,498 shares of the company’s stock valued at $47,145,000 after buying an additional 272,858 shares during the period. Lido Advisors LLC grew its holdings in Global X U.S. Preferred ETF by 7.7% during the first quarter. Lido Advisors LLC now owns 1,642,883 shares of the company’s stock worth $30,229,000 after acquiring an additional 117,625 shares during the period. Cetera Investment Advisers grew its holdings in Global X U.S. Preferred ETF by 17.1% during the first quarter. Cetera Investment Advisers now owns 1,254,426 shares of the company’s stock worth $23,081,000 after acquiring an additional 182,979 shares during the period. Sei Investments Co. grew its holdings in Global X U.S. Preferred ETF by 12.4% during the first quarter. Sei Investments Co. now owns 1,116,743 shares of the company’s stock worth $20,548,000 after acquiring an additional 123,362 shares during the period. Finally, Bessemer Group Inc. purchased a new position in Global X U.S. Preferred ETF during the first quarter valued at approximately $18,434,000.

Global X U.S. Preferred ETF Trading Down 1.4%

Shares of PFFD stock opened at $17.22 on Thursday. Global X U.S. Preferred ETF has a twelve month low of $17.17 and a twelve month high of $19.65. The stock has a 50 day moving average of $18.08 and a 200 day moving average of $18.51.

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.