Inspire Advisors LLC Raises Position in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Inspire Advisors LLC grew its holdings in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 28.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,519 shares of the company’s stock after purchasing an additional 6,576 shares during the period. Inspire Advisors LLC’s holdings in Global X U.S. Preferred ETF were worth $613,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ridgewood Investments LLC acquired a new stake in Global X U.S. Preferred ETF during the 2nd quarter worth about $25,000. New Millennium Group LLC acquired a new stake in Global X U.S. Preferred ETF during the 2nd quarter worth about $51,000. First Horizon Advisors Inc. lifted its position in Global X U.S. Preferred ETF by 32.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,683 shares of the company’s stock worth $53,000 after acquiring an additional 650 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in Global X U.S. Preferred ETF during the 3rd quarter worth about $131,000. Finally, Larson Financial Group LLC acquired a new stake in Global X U.S. Preferred ETF during the 2nd quarter worth about $159,000.

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

Shares of PFFD opened at $20.88 on Friday. The stock has a 50-day moving average of $20.52 and a two-hundred day moving average of $19.96. Global X U.S. Preferred ETF has a one year low of $17.37 and a one year 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.