Park Avenue Securities LLC Raises Position in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Park Avenue Securities LLC increased its stake in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 23.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 379,002 shares of the company’s stock after buying an additional 71,742 shares during the quarter. Park Avenue Securities LLC owned about 0.32% of Global X U.S. Preferred ETF worth $7,394,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of PFFD. Farther Finance Advisors LLC increased its stake in Global X U.S. Preferred ETF by 3,623.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,085 shares of the company’s stock worth $43,000 after buying an additional 2,029 shares during the period. Blue Trust Inc. grew its stake in shares of Global X U.S. Preferred ETF by 822.5% during the third quarter. Blue Trust Inc. now owns 2,500 shares of the company’s stock valued at $49,000 after acquiring an additional 2,229 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of Global X U.S. Preferred ETF during the third quarter worth about $131,000. Jacobsen Capital Management acquired a new position in shares of Global X U.S. Preferred ETF in the third quarter worth about $203,000. Finally, L.M. Kohn & Company acquired a new position in shares of Global X U.S. Preferred ETF in the third quarter worth about $209,000.

Global X U.S. Preferred ETF Stock Performance

Shares of NYSEARCA PFFD opened at $19.74 on Thursday. Global X U.S. Preferred ETF has a fifty-two week low of $19.06 and a fifty-two week high of $21.08. The business has a 50 day moving average price of $20.03 and a two-hundred day moving average price of $20.19.

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.