Waverly Advisors LLC Takes $1.23 Million Position in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Waverly Advisors LLC purchased a new position in Global X U.S. Preferred ETF (NYSEARCA:PFFD) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 60,950 shares of the company’s stock, valued at approximately $1,229,000. Waverly Advisors LLC owned 0.05% of Global X U.S. Preferred ETF at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Global X U.S. Preferred ETF during the 4th quarter worth about $35,000. Fifth Third Bancorp purchased a new stake in shares of Global X U.S. Preferred ETF during the first quarter worth approximately $49,000. Simplex Trading LLC acquired a new position in Global X U.S. Preferred ETF in the 4th quarter valued at $71,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Global X U.S. Preferred ETF in the first quarter valued at about $149,000. Finally, Family Asset Management LLC acquired a new stake in Global X U.S. Preferred ETF in the 4th quarter valued at about $148,000.

Global X U.S. Preferred ETF Stock Performance

Shares of Global X U.S. Preferred ETF stock opened at $19.77 on Wednesday. The business’s 50 day moving average price is $19.71 and its 200 day moving average price is $19.80. Global X U.S. Preferred ETF has a one year low of $17.37 and a one year high of $20.43.

About Global X U.S. Preferred ETF

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.