Austin Wealth Management LLC Sells 7,360 Shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Austin Wealth Management LLC reduced its position in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 26.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,204 shares of the company’s stock after selling 7,360 shares during the period. Austin Wealth Management LLC’s holdings in Global X U.S. Preferred ETF were worth $400,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Rialto Wealth Management LLC bought a new stake in Global X U.S. Preferred ETF in the fourth quarter worth $31,000. Farther Finance Advisors LLC increased its position in shares of Global X U.S. Preferred ETF by 3,623.2% during the third quarter. Farther Finance Advisors LLC now owns 2,085 shares of the company’s stock valued at $43,000 after buying an additional 2,029 shares during the period. Heck Capital Advisors LLC purchased a new position in shares of Global X U.S. Preferred ETF during the fourth quarter valued at about $48,000. Angeles Wealth Management LLC purchased a new stake in Global X U.S. Preferred ETF in the fourth quarter worth about $60,000. Finally, Endeavor Private Wealth Inc. bought a new position in shares of Global X U.S. Preferred ETF during the fourth quarter valued at approximately $91,000.

Global X U.S. Preferred ETF Price Performance

Shares of PFFD opened at $19.25 on Wednesday. Global X U.S. Preferred ETF has a twelve month low of $19.06 and a twelve month high of $21.08. The firm has a 50 day moving average of $19.71 and a 200 day moving average of $20.17.

Global X U.S. Preferred ETF Company 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.