Golden State Wealth Management LLC Purchases New Position in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Golden State Wealth Management LLC acquired a new position in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,861 shares of the company’s stock, valued at approximately $114,000.

Other institutional investors have also modified their holdings of the company. LPL Financial LLC grew its position in shares of Global X U.S. Preferred ETF by 15.4% in the 3rd quarter. LPL Financial LLC now owns 7,139,593 shares of the company’s stock valued at $148,361,000 after buying an additional 950,535 shares during the last quarter. Global X Japan Co. Ltd. boosted its stake in Global X U.S. Preferred ETF by 0.3% in the fourth quarter. Global X Japan Co. Ltd. now owns 2,708,021 shares of the company’s stock valued at $52,833,000 after acquiring an additional 8,523 shares in the last quarter. Orgel Wealth Management LLC grew its holdings in shares of Global X U.S. Preferred ETF by 9.6% during the third quarter. Orgel Wealth Management LLC now owns 2,233,236 shares of the company’s stock worth $46,407,000 after purchasing an additional 195,514 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Global X U.S. Preferred ETF by 23.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,466,319 shares of the company’s stock worth $28,608,000 after purchasing an additional 274,237 shares during the last quarter. Finally, Advisors Management Group Inc. ADV increased its position in shares of Global X U.S. Preferred ETF by 3.7% during the fourth quarter. Advisors Management Group Inc. ADV now owns 1,043,416 shares of the company’s stock worth $20,357,000 after purchasing an additional 37,626 shares in the last quarter.

Global X U.S. Preferred ETF Price Performance

Shares of NYSEARCA PFFD opened at $19.64 on Monday. The business has a 50-day moving average price of $19.82 and a 200 day moving average price of $20.20. Global X U.S. Preferred ETF has a 52-week low of $19.06 and a 52-week high of $21.08.

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.