Raymond James Financial Services Advisors Inc. Has $13.02 Million Stake in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Raymond James Financial Services Advisors Inc. raised its stake in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 0.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 645,886 shares of the company’s stock after buying an additional 4,861 shares during the quarter. Raymond James Financial Services Advisors Inc. owned 0.54% of Global X U.S. Preferred ETF worth $13,021,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. American Institute for Advanced Investment Management LLP acquired a new stake in shares of Global X U.S. Preferred ETF during the first quarter worth about $499,000. Fifth Third Securities Inc. raised its position in shares of Global X U.S. Preferred ETF by 50.7% during the first quarter. Fifth Third Securities Inc. now owns 77,083 shares of the company’s stock worth $1,554,000 after purchasing an additional 25,948 shares during the period. RHS Financial LLC acquired a new stake in shares of Global X U.S. Preferred ETF during the first quarter worth about $1,313,000. Iron Horse Wealth Management LLC raised its position in shares of Global X U.S. Preferred ETF by 5.6% during the first quarter. Iron Horse Wealth Management LLC now owns 384,916 shares of the company’s stock worth $7,760,000 after purchasing an additional 20,504 shares during the period. Finally, Hennion & Walsh Asset Management Inc. raised its position in shares of Global X U.S. Preferred ETF by 54.9% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 784,754 shares of the company’s stock worth $15,821,000 after purchasing an additional 278,198 shares during the period.

Global X U.S. Preferred ETF Trading Up 1.3 %

Shares of NYSEARCA PFFD traded up $0.24 during mid-day trading on Friday, reaching $19.66. 597,606 shares of the company’s stock were exchanged, compared to its average volume of 751,980. The business has a fifty day simple moving average of $19.88 and a 200 day simple moving average of $19.43. Global X U.S. Preferred ETF has a twelve month low of $17.37 and a twelve month high of $20.43.

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.