Entrewealth LLC Invests $350,000 in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Entrewealth LLC acquired a new position in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) during the fourth quarter, HoldingsChannel reports. The fund acquired 16,768 shares of the company’s stock, valued at approximately $350,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC purchased a new position in shares of Global X U.S. Preferred ETF in the fourth quarter valued at $31,000. Heck Capital Advisors LLC acquired a new stake in shares of Global X U.S. Preferred ETF in the fourth quarter valued at approximately $48,000. Angeles Wealth Management LLC purchased a new position in shares of Global X U.S. Preferred ETF during the 4th quarter worth approximately $60,000. Endeavor Private Wealth Inc. acquired a new position in shares of Global X U.S. Preferred ETF during the 4th quarter worth approximately $91,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Global X U.S. Preferred ETF during the 4th quarter worth approximately $114,000.

Global X U.S. Preferred ETF Trading Up 0.4 %

Shares of NYSEARCA:PFFD opened at $19.51 on Tuesday. The business’s fifty day moving average price is $19.68 and its two-hundred day moving average price is $20.15. Global X U.S. Preferred ETF has a one year low of $19.06 and a one year 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.