Raymond James & Associates Cuts Position in Global X U.S. Preferred ETF (BATS:PFFD)

Raymond James & Associates lessened its holdings in Global X U.S. Preferred ETF (BATS:PFFD – Get Rating) by 7.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 201,236 shares of the company’s stock after selling 16,036 shares during the quarter. Raymond James & Associates’ holdings in Global X U.S. Preferred ETF were worth $3,898,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Private Trust Co. NA boosted its stake in shares of Global X U.S. Preferred ETF by 5.1% in the 4th quarter. Private Trust Co. NA now owns 10,103 shares of the company’s stock worth $196,000 after buying an additional 486 shares during the last quarter. SP Asset Management boosted its stake in shares of Global X U.S. Preferred ETF by 1.4% in the 3rd quarter. SP Asset Management now owns 45,266 shares of the company’s stock worth $928,000 after buying an additional 605 shares during the last quarter. Triumph Capital Management boosted its stake in shares of Global X U.S. Preferred ETF by 3.0% in the 4th quarter. Triumph Capital Management now owns 31,471 shares of the company’s stock worth $610,000 after buying an additional 906 shares during the last quarter. Simplex Trading LLC boosted its stake in shares of Global X U.S. Preferred ETF by 84.8% in the 3rd quarter. Simplex Trading LLC now owns 1,988 shares of the company’s stock worth $40,000 after buying an additional 912 shares during the last quarter. Finally, Madrona Financial Services LLC boosted its stake in shares of Global X U.S. Preferred ETF by 5.3% in the 4th quarter. Madrona Financial Services LLC now owns 20,197 shares of the company’s stock worth $391,000 after buying an additional 1,022 shares during the last quarter.

Global X U.S. Preferred ETF Stock Down 0.1 %

BATS:PFFD opened at $19.01 on Thursday. The firm’s 50 day moving average is $19.43 and its 200 day moving average is $20.14. Global X U.S. Preferred ETF has a 12 month low of $23.70 and a 12 month high of $25.77.

Global X U.S. Preferred ETF Company Profile

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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.