Adams Asset Advisors LLC Acquires 43,530 Shares of Global X U.S. Preferred ETF $PFFD

Adams Asset Advisors LLC purchased a new stake in Global X U.S. Preferred ETF (NYSEARCA:PFFD) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 43,530 shares of the company’s stock, valued at approximately $766,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bessemer Group Inc. purchased a new position in Global X U.S. Preferred ETF during the 1st quarter worth $18,434,000. Ocean Park Asset Management LLC purchased a new stake in shares of Global X U.S. Preferred ETF in the second quarter valued at about $11,312,000. Envestnet Asset Management Inc. lifted its position in shares of Global X U.S. Preferred ETF by 12.1% during the second quarter. Envestnet Asset Management Inc. now owns 2,522,498 shares of the company’s stock valued at $47,145,000 after purchasing an additional 272,858 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of 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 valued at $23,081,000 after purchasing an additional 182,979 shares in the last quarter. Finally, Columbus Macro LLC boosted its holdings in Global X U.S. Preferred ETF by 22.3% during the first quarter. Columbus Macro LLC now owns 919,406 shares of the company’s stock worth $16,917,000 after purchasing an additional 167,907 shares during the last quarter.

Global X U.S. Preferred ETF Stock Performance

Global X U.S. Preferred ETF stock remained flat at $17.48 during midday trading on Thursday. 2,599,465 shares of the company traded hands, compared to its average volume of 723,417. Global X U.S. Preferred ETF has a 1-year low of $17.36 and a 1-year high of $19.65. The stock’s 50-day simple moving average is $18.20 and its 200-day simple moving average is $18.55.

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.