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

Perissos Private Wealth Management LLC cut its holdings in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 84,252 shares of the company’s stock after selling 955 shares during the period. Global X U.S. Preferred ETF comprises approximately 1.2% of Perissos Private Wealth Management LLC’s investment portfolio, making the stock its 28th biggest holding. Perissos Private Wealth Management LLC owned approximately 0.07% of Global X U.S. Preferred ETF worth $1,644,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its stake in shares of Global X U.S. Preferred ETF by 3,623.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,085 shares of the company’s stock valued at $43,000 after purchasing an additional 2,029 shares during the period. Heck Capital Advisors LLC purchased a new position in Global X U.S. Preferred ETF in the fourth quarter valued at $48,000. Blue Trust Inc. increased its holdings in Global X U.S. Preferred ETF by 822.5% in the third quarter. Blue Trust Inc. now owns 2,500 shares of the company’s stock valued at $49,000 after buying an additional 2,229 shares in the last quarter. Angeles Wealth Management LLC acquired a new position in shares of Global X U.S. Preferred ETF in the fourth quarter worth about $60,000. Finally, Endeavor Private Wealth Inc. purchased a new stake in shares of Global X U.S. Preferred ETF during the 4th quarter worth about $91,000.

Global X U.S. Preferred ETF Stock Performance

NYSEARCA:PFFD opened at $19.69 on Wednesday. Global X U.S. Preferred ETF has a 52 week low of $19.06 and a 52 week high of $21.08. The stock’s 50-day moving average price is $19.80 and its 200-day moving average price is $20.20.

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.