Acorn Wealth Advisors LLC Raises Stake in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Acorn Wealth Advisors LLC raised its holdings in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 12.4% during the third quarter, Holdings Channel.com reports. The fund owned 32,639 shares of the company’s stock after buying an additional 3,609 shares during the period. Acorn Wealth Advisors LLC’s holdings in Global X U.S. Preferred ETF were worth $678,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC lifted its holdings in Global X U.S. Preferred ETF by 11.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 27,063 shares of the company’s stock worth $562,000 after purchasing an additional 2,676 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Global X U.S. Preferred ETF by 3,623.2% in the third quarter. Farther Finance Advisors LLC now owns 2,085 shares of the company’s stock worth $43,000 after buying an additional 2,029 shares in the last quarter. Full Sail Capital LLC boosted its position in shares of Global X U.S. Preferred ETF by 7.9% during the second quarter. Full Sail Capital LLC now owns 1,059,788 shares of the company’s stock worth $20,857,000 after acquiring an additional 77,267 shares during the last quarter. Blue Trust Inc. increased its holdings in Global X U.S. Preferred ETF by 822.5% in the 3rd quarter. Blue Trust Inc. now owns 2,500 shares of the company’s stock valued at $49,000 after acquiring an additional 2,229 shares during the last quarter. Finally, Appleton Partners Inc. MA lifted its stake in Global X U.S. Preferred ETF by 1.4% in the 3rd quarter. Appleton Partners Inc. MA now owns 207,967 shares of the company’s stock worth $4,322,000 after purchasing an additional 2,898 shares in the last quarter.

Global X U.S. Preferred ETF Price Performance

Shares of NYSEARCA:PFFD traded up $0.16 during mid-day trading on Monday, reaching $20.51. The stock had a trading volume of 68,904 shares, compared to its average volume of 672,679. The business’s 50 day moving average price is $20.66 and its 200 day moving average price is $20.13. Global X U.S. Preferred ETF has a 1 year low of $18.72 and a 1 year high of $21.08.

Global X U.S. Preferred ETF Company 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.