Level Four Advisory Services LLC Increases Stock Position in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Level Four Advisory Services LLC raised its position in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 23.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,009 shares of the company’s stock after acquiring an additional 4,639 shares during the quarter. Level Four Advisory Services LLC’s holdings in Global X U.S. Preferred ETF were worth $468,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently 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 valued at about $31,000. Heck Capital Advisors LLC purchased a new position in shares of Global X U.S. Preferred ETF during the fourth quarter valued at approximately $48,000. Angeles Wealth Management LLC bought a new position in shares of Global X U.S. Preferred ETF during the fourth quarter valued at approximately $60,000. Endeavor Private Wealth Inc. purchased a new stake in Global X U.S. Preferred ETF in the fourth quarter worth $91,000. Finally, Golden State Wealth Management LLC bought a new stake in Global X U.S. Preferred ETF in the fourth quarter valued at $114,000.

Global X U.S. Preferred ETF Stock Performance

Shares of NYSEARCA PFFD opened at $19.04 on Tuesday. The firm has a fifty day simple moving average of $19.64 and a two-hundred day simple moving average of $20.08. Global X U.S. Preferred ETF has a 12 month low of $19.02 and a 12 month high of $21.08.

Global X U.S. Preferred ETF Company 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.