1,079,887 Shares in Global X U.S. Preferred ETF $PFFD Acquired by Flaharty Asset Management LLC

Flaharty Asset Management LLC purchased a new stake in Global X U.S. Preferred ETF (NYSEARCA:PFFD) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,079,887 shares of the company’s stock, valued at approximately $20,982,000. Global X U.S. Preferred ETF accounts for 2.7% of Flaharty Asset Management LLC’s portfolio, making the stock its 18th largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Continuum Advisory LLC increased its holdings in shares of Global X U.S. Preferred ETF by 1.9% in the third quarter. Continuum Advisory LLC now owns 34,600 shares of the company’s stock valued at $672,000 after purchasing an additional 638 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Global X U.S. Preferred ETF by 1.4% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 49,010 shares of the company’s stock worth $923,000 after buying an additional 677 shares during the period. Foundations Investment Advisors LLC grew its stake in Global X U.S. Preferred ETF by 4.4% in the 3rd quarter. Foundations Investment Advisors LLC now owns 16,294 shares of the company’s stock valued at $317,000 after buying an additional 689 shares during the last quarter. Cary Street Partners Financial LLC grew its stake in Global X U.S. Preferred ETF by 7.7% in the 2nd quarter. Cary Street Partners Financial LLC now owns 10,770 shares of the company’s stock valued at $203,000 after buying an additional 770 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC raised its holdings in Global X U.S. Preferred ETF by 1.0% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 122,467 shares of the company’s stock valued at $2,380,000 after acquiring an additional 1,268 shares during the period.

Global X U.S. Preferred ETF Stock Performance

Shares of PFFD stock opened at $19.42 on Friday. Global X U.S. Preferred ETF has a 12-month low of $17.81 and a 12-month high of $20.03. The firm has a 50 day moving average price of $19.17 and a two-hundred day moving average price of $19.26.

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.