Jacobsen Capital Management Invests $203,000 in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Jacobsen Capital Management acquired a new position in Global X U.S. Preferred ETF (NYSEARCA:PFFD) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 9,747 shares of the company’s stock, valued at approximately $203,000.

Several other institutional investors have also made changes to their positions in the company. LPL Financial LLC increased its position in shares of Global X U.S. Preferred ETF by 11.9% in the second quarter. LPL Financial LLC now owns 6,189,058 shares of the company’s stock worth $121,801,000 after acquiring an additional 659,248 shares in the last quarter. Global X Japan Co. Ltd. grew its position in Global X U.S. Preferred ETF by 11.2% during the third quarter. Global X Japan Co. Ltd. now owns 2,699,498 shares of the company’s stock valued at $56,096,000 after purchasing an additional 271,468 shares in the last quarter. Orgel Wealth Management LLC grew its position in 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 valued at $46,407,000 after purchasing an additional 195,514 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Global X U.S. Preferred ETF by 13.4% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 1,192,082 shares of the company’s stock valued at $24,771,000 after purchasing an additional 140,769 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Global X U.S. Preferred ETF by 12.2% during the second quarter. Envestnet Asset Management Inc. now owns 1,180,014 shares of the company’s stock valued at $23,223,000 after purchasing an additional 128,462 shares in the last quarter.

Global X U.S. Preferred ETF Stock Down 0.1 %

Shares of PFFD opened at $20.49 on Wednesday. The company’s 50 day moving average price is $20.62 and its 200 day moving average price is $20.00. Global X U.S. Preferred ETF has a 52 week low of $17.58 and a 52 week high of $21.08.

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.