LPL Financial LLC Boosts Stock Position in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

LPL Financial LLC raised its position in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 14.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,201,933 shares of the company’s stock after buying an additional 1,062,340 shares during the quarter. LPL Financial LLC owned about 6.83% of Global X U.S. Preferred ETF worth $160,020,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Rialto Wealth Management LLC purchased a new position in Global X U.S. Preferred ETF during the 4th quarter worth $31,000. Heck Capital Advisors LLC purchased a new stake in shares of Global X U.S. Preferred ETF during the fourth quarter worth about $48,000. Angeles Wealth Management LLC acquired a new position in shares of Global X U.S. Preferred ETF during the fourth quarter valued at about $60,000. Endeavor Private Wealth Inc. purchased a new position in shares of Global X U.S. Preferred ETF in the 4th quarter valued at approximately $91,000. Finally, Golden State Wealth Management LLC acquired a new stake in Global X U.S. Preferred ETF in the 4th quarter worth approximately $114,000.

Global X U.S. Preferred ETF Price Performance

NYSEARCA:PFFD opened at $19.47 on Tuesday. Global X U.S. Preferred ETF has a twelve month low of $19.06 and a twelve month high of $21.08. The company’s 50 day moving average is $19.68 and its two-hundred day moving average is $20.12.

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.