Global X U.S. Preferred ETF (NYSEARCA:PFFD) Stake Boosted by Collaborative Wealth Managment Inc.

Collaborative Wealth Managment Inc. increased its position in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 408,193 shares of the company’s stock after buying an additional 12,146 shares during the period. Global X U.S. Preferred ETF comprises approximately 3.6% of Collaborative Wealth Managment Inc.’s holdings, making the stock its 5th largest holding. Collaborative Wealth Managment Inc. owned about 0.34% of Global X U.S. Preferred ETF worth $7,964,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Wealthcare Advisory Partners LLC increased its stake in shares of Global X U.S. Preferred ETF by 12.1% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 19,679 shares of the company’s stock valued at $384,000 after buying an additional 2,118 shares during the period. Atria Wealth Solutions Inc. bought a new stake in Global X U.S. Preferred ETF during the fourth quarter valued at about $350,000. Stifel Financial Corp boosted its position in Global X U.S. Preferred ETF by 19.3% during the third quarter. Stifel Financial Corp now owns 21,285 shares of the company’s stock valued at $442,000 after purchasing an additional 3,437 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Global X U.S. Preferred ETF by 55.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 42,067 shares of the company’s stock valued at $874,000 after purchasing an additional 15,004 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in Global X U.S. Preferred ETF by 70.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 32,924 shares of the company’s stock valued at $642,000 after purchasing an additional 13,579 shares in the last quarter.

Global X U.S. Preferred ETF Stock Up 0.6 %

Shares of PFFD stock opened at $19.43 on Friday. Global X U.S. Preferred ETF has a 1-year low of $19.06 and a 1-year high of $21.08. The stock’s 50-day moving average is $19.69 and its 200 day moving average is $20.15.

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.