Avantax Advisory Services Inc. lowered its shares in Global X US Preferred ETF (NYSEARCA:PFFD – Free Report) by 15.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The company owned 45,665 shares of the company’s stock after selling 8,388 shares during the quarter. Avantax Advisory Services Inc.’s shares in Global X US Preferred ETF were worth $921,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the firm recently. Whittier Trust Co. purchased a new stake in Global X US Preferred ETF in the 4th quarter worth $457,000. Cyndeo Wealth Partners LLC purchased a new position in Global X US Preferred ETF in the fourth quarter worth approximately $204,000. GPS Wealth Strategies Group LLC purchased a new stake in Global X US Preferred ETF in the 4th quarter worth approximately $33,000. Leicht Financial Planning & Wealth Management Inc. purchased a new stake in Global X US Preferred ETF in the 4th quarter worth approximately $3,560,000. Finally, Prairiewood Capital LLC increased its holdings in shares of Global X US Preferred ETF by 19.9% ​​in the 4th quarter. Prairiewood Capital LLC now owns 258,088 shares of the company’s stock, worth $5,007,000, after buying an additional 42,886 shares in the last quarter.

Global X US Preferred ETF shares down 0.1%

Shares of PFFD opened at $19.88 on Friday. The stock has a 50-day moving average of $19.70 and a 200-day moving average of $19.79. Global X US Preferred ETF has a 12-month low of $17.37 and a 12-month high of $20.43.

Global X US Preferred ETF Profile

(Free Report)

The Global X US Preferred ETF (PFFD) is an exchange-traded fund that invests primarily in broad credit fixed income. The fund tracks a market-cap-weighted index of US preferred stocks, selected and weighted by market value. PFFD was launched on September 11, 2017 and is managed by Global X.

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