Global X U.S. Preferred ETF (NYSEARCA:PFFD) Stake Cut by Sanctuary Advisors LLC

Sanctuary Advisors LLC lessened its holdings in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 28.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,832 shares of the company’s stock after selling 6,448 shares during the period. Sanctuary Advisors LLC’s holdings in Global X U.S. Preferred ETF were worth $322,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. MML Investors Services LLC grew its position in shares of Global X U.S. Preferred ETF by 22.5% during the third quarter. MML Investors Services LLC now owns 215,611 shares of the company’s stock worth $4,480,000 after acquiring an additional 39,636 shares during the last quarter. Jane Street Group LLC boosted its stake in Global X U.S. Preferred ETF by 107.7% during the 3rd quarter. Jane Street Group LLC now owns 35,936 shares of the company’s stock valued at $747,000 after purchasing an additional 18,637 shares during the period. Stifel Financial Corp grew its position in Global X U.S. Preferred ETF by 19.3% in the 3rd quarter. Stifel Financial Corp now owns 21,285 shares of the company’s stock worth $442,000 after purchasing an additional 3,437 shares during the last quarter. IHT Wealth Management LLC increased its stake in shares of Global X U.S. Preferred ETF by 137.7% in the third quarter. IHT Wealth Management LLC now owns 46,221 shares of the company’s stock valued at $962,000 after purchasing an additional 26,772 shares during the period. Finally, HighTower Advisors LLC raised its holdings in shares of Global X U.S. Preferred ETF by 8.6% during the third quarter. HighTower Advisors LLC now owns 357,275 shares of the company’s stock valued at $7,421,000 after buying an additional 28,265 shares during the last quarter.

Global X U.S. Preferred ETF Trading Down 0.6 %

Shares of NYSEARCA PFFD opened at $19.49 on Friday. Global X U.S. Preferred ETF has a 12-month low of $19.06 and a 12-month high of $21.08. The stock has a 50 day simple moving average of $20.30 and a 200-day simple moving average of $20.20.

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.