BNP Paribas Financial Markets cut its stake in Global X U.S. Preferred ETF (NYSEARCA:PFFD – Free Report) by 46.1% in the 4th quarter, HoldingsChannel reports. The fund owned 396,556 shares of the company’s stock after selling 338,504 shares during the period. BNP Paribas Financial Markets’ holdings in Global X U.S. Preferred ETF were worth $7,499,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in PFFD. Mercer Global Advisors Inc. ADV bought a new position in shares of Global X U.S. Preferred ETF in the third quarter valued at approximately $30,455,000. FUKOKU MUTUAL LIFE INSURANCE Co boosted its holdings in shares of Global X U.S. Preferred ETF by 68.8% in the third quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,551,000 shares of the company’s stock valued at $30,136,000 after acquiring an additional 632,000 shares in the last quarter. Columbus Macro LLC boosted its holdings in Global X U.S. Preferred ETF by 179.2% during the fourth quarter. Columbus Macro LLC now owns 751,499 shares of the company’s stock worth $14,211,000 after buying an additional 482,345 shares in the last quarter. Carnegie Investment Counsel bought a new stake in Global X U.S. Preferred ETF during the fourth quarter worth approximately $7,464,000. Finally, Orgel Wealth Management LLC boosted its holdings in Global X U.S. Preferred ETF by 4.9% during the fourth quarter. Orgel Wealth Management LLC now owns 7,370,268 shares of the company’s stock worth $139,372,000 after buying an additional 343,311 shares in the last quarter.
Global X U.S. Preferred ETF Stock Performance
Shares of NYSEARCA:PFFD opened at $18.66 on Wednesday. Global X U.S. Preferred ETF has a 1-year low of $18.22 and a 1-year high of $19.89. The company has a 50 day moving average price of $18.85 and a 200 day moving average price of $19.01.
About Global X U.S. Preferred ETF
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.
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Want to see what other hedge funds are holding PFFD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global X U.S. Preferred ETF (NYSEARCA:PFFD – Free Report).
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