Nwam LLC Acquires 24,564 Shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Nwam LLC boosted its holdings in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 116.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,720 shares of the company’s stock after purchasing an additional 24,564 shares during the period. Nwam LLC’s holdings in Global X U.S. Preferred ETF were worth $892,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. LPL Financial LLC lifted its stake in Global X U.S. Preferred ETF by 15.4% in the third quarter. LPL Financial LLC now owns 7,139,593 shares of the company’s stock worth $148,361,000 after purchasing an additional 950,535 shares during the last quarter. Global X Japan Co. Ltd. increased its position in shares of Global X U.S. Preferred ETF by 0.3% in the fourth quarter. Global X Japan Co. Ltd. now owns 2,708,021 shares of the company’s stock valued at $52,833,000 after acquiring an additional 8,523 shares during the period. Hennion & Walsh Asset Management Inc. increased its position in shares of Global X U.S. Preferred ETF by 23.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,466,319 shares of the company’s stock valued at $28,608,000 after acquiring an additional 274,237 shares during the period. Advisors Management Group Inc. ADV increased its position in shares of Global X U.S. Preferred ETF by 3.7% in the fourth quarter. Advisors Management Group Inc. ADV now owns 1,043,416 shares of the company’s stock valued at $20,357,000 after acquiring an additional 37,626 shares during the period. Finally, Iron Horse Wealth Management LLC increased its position in shares of Global X U.S. Preferred ETF by 4.3% in the fourth quarter. Iron Horse Wealth Management LLC now owns 443,290 shares of the company’s stock valued at $8,649,000 after acquiring an additional 18,196 shares during the period.

Global X U.S. Preferred ETF Stock Performance

PFFD stock opened at $19.86 on Friday. The firm’s 50-day moving average price is $19.72 and its two-hundred day moving average price is $20.20. Global X U.S. Preferred ETF has a 12-month low of $19.06 and a 12-month high of $21.08.

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.