KWB Wealth Sells 11,411 Shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD)

KWB Wealth reduced its position in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 2.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 420,414 shares of the company’s stock after selling 11,411 shares during the quarter. Global X U.S. Preferred ETF comprises 1.1% of KWB Wealth’s holdings, making the stock its 20th biggest position. KWB Wealth owned 0.35% of Global X U.S. Preferred ETF worth $8,476,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. raised its holdings in Global X U.S. Preferred ETF by 1,449.5% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 1,596 shares of the company’s stock worth $30,000 after purchasing an additional 1,493 shares during the last quarter. GPS Wealth Strategies Group LLC bought a new stake in shares of Global X U.S. Preferred ETF in the 4th quarter valued at about $33,000. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Global X U.S. Preferred ETF in the 4th quarter valued at about $35,000. Simplex Trading LLC bought a new stake in shares of Global X U.S. Preferred ETF in the 4th quarter valued at about $71,000. Finally, Family Asset Management LLC bought a new stake in shares of Global X U.S. Preferred ETF in the 4th quarter valued at about $148,000.

Global X U.S. Preferred ETF Stock Performance

Shares of PFFD stock traded up $0.20 on Thursday, reaching $19.75. The company had a trading volume of 405,878 shares, compared to its average volume of 712,688. The company has a 50-day moving average of $19.63 and a 200-day moving average of $19.76. Global X U.S. Preferred ETF has a 12 month low of $17.37 and a 12 month high of $20.43.

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.