New York Life Investment Management LLC increased its position in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD – Free Report) by 15.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,629,610 shares of the company’s stock after buying an additional 223,554 shares during the period. New York Life Investment Management LLC’s holdings in Global X U.S. Preferred ETF were worth $28,681,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Markowski Investments purchased a new position in Global X U.S. Preferred ETF in the 2nd quarter valued at about $30,000. Compass Financial Management LLC acquired a new stake in shares of Global X U.S. Preferred ETF during the second quarter valued at about $36,000. Continuum Advisory LLC acquired a new stake in shares of Global X U.S. Preferred ETF during the second quarter valued at about $36,000. Simplex Trading LLC acquired a new stake in shares of Global X U.S. Preferred ETF during the third quarter valued at about $46,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Global X U.S. Preferred ETF during the second quarter worth about $62,000.
Global X U.S. Preferred ETF Trading Down 1.5%
NYSEARCA:PFFD opened at $16.84 on Wednesday. Global X U.S. Preferred ETF has a one year low of $16.76 and a one year high of $19.65. The business’s 50-day simple moving average is $17.54 and its 200 day simple moving average is $18.50.
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.
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