Cetera Investment Advisers Grows Holdings in Global X U.S. Preferred ETF $PFFD

Cetera Investment Advisers boosted its position in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 17.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,254,426 shares of the company’s stock after acquiring an additional 182,979 shares during the quarter. Cetera Investment Advisers’ holdings in Global X U.S. Preferred ETF were worth $23,081,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its stake in shares of Global X U.S. Preferred ETF by 1,157.8% in the first quarter. Goldman Sachs Group Inc. now owns 153,598 shares of the company’s stock worth $2,925,000 after acquiring an additional 141,386 shares in the last quarter. Cerity Partners LLC acquired a new stake in Global X U.S. Preferred ETF during the 2nd quarter valued at approximately $193,000. Qube Research & Technologies Ltd increased its holdings in Global X U.S. Preferred ETF by 40.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 8,371 shares of the company’s stock worth $158,000 after purchasing an additional 2,415 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Global X U.S. Preferred ETF by 9.3% during the 2nd quarter. NewEdge Advisors LLC now owns 90,238 shares of the company’s stock worth $1,699,000 after purchasing an additional 7,671 shares during the last quarter. Finally, Sei Investments Co. raised its position in shares of Global X U.S. Preferred ETF by 31.7% in the 2nd quarter. Sei Investments Co. now owns 764,477 shares of the company’s stock valued at $14,395,000 after purchasing an additional 183,876 shares in the last quarter.

Global X U.S. Preferred ETF Stock Performance

Global X U.S. Preferred ETF stock opened at $18.36 on Monday. The stock has a 50 day moving average of $18.72 and a 200-day moving average of $18.94. Global X U.S. Preferred ETF has a 52 week low of $18.22 and a 52 week 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.