AE Wealth Management LLC Trims Position in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

AE Wealth Management LLC trimmed its holdings in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 9.3% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 11,114 shares of the company’s stock after selling 1,139 shares during the period. AE Wealth Management LLC’s holdings in Global X U.S. Preferred ETF were worth $219,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ridgewood Investments LLC purchased a new stake in shares of Global X U.S. Preferred ETF in the second quarter valued at about $25,000. New Millennium Group LLC purchased a new stake in shares of Global X U.S. Preferred ETF in the second quarter valued at about $51,000. First Horizon Advisors Inc. raised its holdings in Global X U.S. Preferred ETF by 32.0% during the second quarter. First Horizon Advisors Inc. now owns 2,683 shares of the company’s stock worth $53,000 after purchasing an additional 650 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new position in Global X U.S. Preferred ETF during the first quarter worth about $149,000. Finally, Larson Financial Group LLC purchased a new position in Global X U.S. Preferred ETF during the second quarter worth about $159,000.

Global X U.S. Preferred ETF Price Performance

NYSEARCA PFFD opened at $20.96 on Friday. Global X U.S. Preferred ETF has a 52-week low of $17.37 and a 52-week high of $21.06. The firm has a 50-day moving average price of $20.20 and a 200 day moving average price of $19.90.

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.