580,200 Shares of Global X U.S. Preferred ETF $PFFD Acquired by Conning Inc.

Conning Inc. acquired a new stake in Global X U.S. Preferred ETF (NYSEARCA:PFFD) in the 3rd quarter, Holdings Channel reports. The fund acquired 580,200 shares of the company’s stock, valued at approximately $10,212,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. AlphaStar Capital Management LLC acquired a new position in shares of Global X U.S. Preferred ETF during the third quarter valued at approximately $18,755,000. Bessemer Group Inc. bought a new stake in Global X U.S. Preferred ETF during the first quarter worth approximately $18,434,000. Ocean Park Asset Management LLC bought a new stake in Global X U.S. Preferred ETF during the second quarter worth approximately $11,312,000. Carnegie Investment Counsel acquired a new stake in Global X U.S. Preferred ETF in the third quarter worth approximately $5,496,000. Finally, Envestnet Asset Management Inc. lifted its position in Global X U.S. Preferred ETF by 12.1% in the second quarter. Envestnet Asset Management Inc. now owns 2,522,498 shares of the company’s stock worth $47,145,000 after purchasing an additional 272,858 shares during the period.

Global X U.S. Preferred ETF Stock Down 0.3%

Shares of NYSEARCA PFFD opened at $17.12 on Thursday. The stock has a fifty day moving average price of $17.81 and a two-hundred day moving average price of $18.62. Global X U.S. Preferred ETF has a 1 year low of $17.04 and a 1 year high of $19.65.

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.