Collective Family Office LLC Raises Stock Position in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Collective Family Office LLC lifted its position in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 5.2% in the third quarter, Holdings Channel reports. The firm owned 387,489 shares of the company’s stock after buying an additional 19,169 shares during the period. Global X U.S. Preferred ETF accounts for 2.2% of Collective Family Office LLC’s investment portfolio, making the stock its 15th largest holding. Collective Family Office LLC’s holdings in Global X U.S. Preferred ETF were worth $8,052,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. LPL Financial LLC lifted its holdings 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 worth $121,801,000 after buying an additional 659,248 shares during the period. Global X Japan Co. Ltd. lifted its stake in Global X U.S. Preferred ETF by 15.7% in the second 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 period. Orgel Wealth Management LLC grew its holdings in Global X U.S. Preferred ETF by 9.9% during the 2nd quarter. Orgel Wealth Management LLC now owns 2,037,722 shares of the company’s stock worth $40,102,000 after acquiring an additional 183,307 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Global X U.S. Preferred ETF by 12.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,180,014 shares of the company’s stock valued at $23,223,000 after purchasing an additional 128,462 shares during the period. Finally, Full Sail Capital LLC raised its holdings in shares of Global X U.S. Preferred ETF by 7.9% in the 2nd quarter. Full Sail Capital LLC now owns 1,059,788 shares of the company’s stock valued at $20,857,000 after purchasing an additional 77,267 shares in the last quarter.

Global X U.S. Preferred ETF Price Performance

Shares of NYSEARCA PFFD traded down $0.06 during midday trading on Friday, reaching $20.73. 921,366 shares of the company’s stock traded hands, compared to its average volume of 671,309. The stock’s 50 day simple moving average is $20.31 and its 200-day simple moving average is $19.93. 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.