Janney Montgomery Scott LLC Has $2.01 Million Position in Global X U.S. Preferred ETF $PFFD

Janney Montgomery Scott LLC raised its position in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 65.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 109,350 shares of the company’s stock after purchasing an additional 43,211 shares during the period. Janney Montgomery Scott LLC owned approximately 0.10% of Global X U.S. Preferred ETF worth $2,012,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Columbus Macro LLC boosted its position in shares of 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 in the last quarter. Independent Wealth Network Inc. bought a new stake in shares of Global X U.S. Preferred ETF in the 1st quarter valued at $194,000. Kestra Private Wealth Services LLC bought a new stake in shares of Global X U.S. Preferred ETF in the 1st quarter valued at $195,000. Breakwater Capital Group bought a new stake in shares of Global X U.S. Preferred ETF in the 1st quarter valued at $199,000. Finally, CENTRAL TRUST Co raised its stake in Global X U.S. Preferred ETF by 23.3% during the 1st quarter. CENTRAL TRUST Co now owns 42,935 shares of the company’s stock worth $790,000 after buying an additional 8,122 shares during the period.

Global X U.S. Preferred ETF Trading Up 0.6%

PFFD stock opened at $18.68 on Friday. The business’s 50-day moving average price is $18.83 and its two-hundred day moving average price is $18.98. 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.