Orgel Wealth Management LLC Buys 195,514 Shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Orgel Wealth Management LLC grew its position in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 9.6% in the third quarter, Holdings Channel reports. The fund owned 2,233,236 shares of the company’s stock after acquiring an additional 195,514 shares during the quarter. Global X U.S. Preferred ETF accounts for 1.2% of Orgel Wealth Management LLC’s portfolio, making the stock its 22nd largest holding. Orgel Wealth Management LLC’s holdings in Global X U.S. Preferred ETF were worth $46,407,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of PFFD. LPL Financial LLC grew its holdings in Global X U.S. Preferred ETF by 11.9% during the 2nd quarter. LPL Financial LLC now owns 6,189,058 shares of the company’s stock worth $121,801,000 after acquiring an additional 659,248 shares during the last quarter. Global X Japan Co. Ltd. raised its stake in shares of Global X U.S. Preferred ETF by 15.7% during the second quarter. Global X Japan Co. Ltd. now owns 2,428,030 shares of the company’s stock valued at $47,784,000 after acquiring an additional 329,680 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Global X U.S. Preferred ETF by 12.2% during the second quarter. Envestnet Asset Management Inc. now owns 1,180,014 shares of the company’s stock worth $23,223,000 after purchasing an additional 128,462 shares during the period. Full Sail Capital LLC grew its stake in shares of Global X U.S. Preferred ETF by 7.9% in the second quarter. Full Sail Capital LLC now owns 1,059,788 shares of the company’s stock worth $20,857,000 after purchasing an additional 77,267 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in Global X U.S. Preferred ETF by 34.0% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 1,051,313 shares of the company’s stock valued at $20,690,000 after purchasing an additional 266,559 shares during the period.

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

Shares of NYSEARCA:PFFD opened at $20.88 on Friday. The business has a fifty day simple moving average of $20.52 and a 200 day simple moving average of $19.96. Global X U.S. Preferred ETF has a 12-month low of $17.37 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.