Iron Horse Wealth Management LLC Has $5.74 Million Holdings in Global X U.S. Preferred ETF $PFFD

Iron Horse Wealth Management LLC grew its stake in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 304,662 shares of the company’s stock after acquiring an additional 4,523 shares during the period. Global X U.S. Preferred ETF accounts for about 1.7% of Iron Horse Wealth Management LLC’s investment portfolio, making the stock its 16th biggest position. Iron Horse Wealth Management LLC owned approximately 0.25% of Global X U.S. Preferred ETF worth $5,737,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of PFFD. Orgel Wealth Management LLC bought a new stake in shares of Global X U.S. Preferred ETF during the second quarter valued at approximately $131,115,000. Global X Japan Co. Ltd. grew its stake in shares of Global X U.S. Preferred ETF by 17.2% during the first quarter. Global X Japan Co. Ltd. now owns 3,173,111 shares of the company’s stock valued at $60,416,000 after purchasing an additional 465,090 shares during the last quarter. Compton Financial Group LLC bought a new stake in shares of Global X U.S. Preferred ETF during the first quarter valued at approximately $6,475,000. Cetera Investment Advisers grew its stake in shares of Global X U.S. Preferred ETF by 30.8% during the first quarter. Cetera Investment Advisers now owns 953,135 shares of the company’s stock valued at $18,148,000 after purchasing an additional 224,650 shares during the last quarter. Finally, AlphaCore Capital LLC bought a new stake in shares of Global X U.S. Preferred ETF during the first quarter valued at approximately $2,960,000.

Global X U.S. Preferred ETF Price Performance

PFFD opened at $19.51 on Friday. Global X U.S. Preferred ETF has a one year low of $17.81 and a one year high of $20.99. The company’s 50 day simple moving average is $19.43 and its 200-day simple moving average is $19.00.

About Global X U.S. Preferred ETF

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.