New York Life Investment Management LLC cut its stake in Global X U.S. Preferred ETF (NYSEARCA:PFFD – Free Report) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,693,467 shares of the company’s stock after selling 125,178 shares during the period. New York Life Investment Management LLC owned 1.45% of Global X U.S. Preferred ETF worth $32,023,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Western Wealth Management LLC increased its position in shares of Global X U.S. Preferred ETF by 8.6% during the fourth quarter. Western Wealth Management LLC now owns 24,791 shares of the company’s stock worth $469,000 after buying an additional 1,962 shares during the period. Ameritas Advisory Services LLC lifted its holdings in Global X U.S. Preferred ETF by 140.2% in the fourth quarter. Ameritas Advisory Services LLC now owns 12,863 shares of the company’s stock valued at $243,000 after buying an additional 7,507 shares during the period. World Investment Advisors bought a new stake in Global X U.S. Preferred ETF during the fourth quarter valued at $470,000. Objective Capital Management LLC grew its holdings in Global X U.S. Preferred ETF by 10.8% during the 4th quarter. Objective Capital Management LLC now owns 47,758 shares of the company’s stock worth $903,000 after acquiring an additional 4,651 shares during the period. Finally, Naples Global Advisors LLC grew its holdings in Global X U.S. Preferred ETF by 5.5% during the 4th quarter. Naples Global Advisors LLC now owns 535,866 shares of the company’s stock worth $10,185,000 after acquiring an additional 28,144 shares during the period.
Global X U.S. Preferred ETF Price Performance
Shares of NYSEARCA:PFFD opened at $19.05 on Friday. The business’s 50-day moving average is $18.79 and its 200-day moving average is $19.04. Global X U.S. Preferred ETF has a 1 year low of $18.22 and a 1 year high of $19.89.
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.
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