Creative Planning Reduces Position in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Creative Planning lessened its holdings in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 1.6% in the 2nd quarter, Holdings Channel reports. The fund owned 932,315 shares of the company’s stock after selling 15,478 shares during the quarter. Creative Planning’s holdings in Global X U.S. Preferred ETF were worth $18,348,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PFFD. LPL Financial LLC grew its stake in shares of Global X U.S. Preferred ETF by 11.9% in the 2nd quarter. LPL Financial LLC now owns 6,189,058 shares of the company’s stock valued at $121,801,000 after buying an additional 659,248 shares during the period. Ocean Park Asset Management LLC acquired a new position in shares of Global X U.S. Preferred ETF in the 2nd quarter worth approximately $9,962,000. BNP Paribas Financial Markets lifted its holdings in shares of Global X U.S. Preferred ETF by 1,038.4% in the 1st quarter. BNP Paribas Financial Markets now owns 492,734 shares of the company’s stock worth $9,934,000 after acquiring an additional 449,450 shares during the last quarter. Global X Japan Co. Ltd. lifted its holdings in shares of Global X U.S. Preferred ETF by 15.7% in the 2nd quarter. Global X Japan Co. Ltd. now owns 2,428,030 shares of the company’s stock worth $47,784,000 after acquiring an additional 329,680 shares during the last quarter. Finally, Advisors Management Group Inc. ADV lifted its holdings in shares of Global X U.S. Preferred ETF by 41.2% in the 2nd quarter. Advisors Management Group Inc. ADV now owns 985,522 shares of the company’s stock worth $19,395,000 after acquiring an additional 287,689 shares during the last quarter.

Global X U.S. Preferred ETF Stock Performance

Shares of PFFD stock opened at $20.78 on Tuesday. The firm’s 50 day moving average price is $20.22 and its 200-day moving average price is $19.90. Global X U.S. Preferred ETF has a one year low of $17.37 and a one year high of $21.08.

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.