Rational Advisors LLC Trims Stake in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Rational Advisors LLC cut its stake in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 18.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,214,485 shares of the company’s stock after selling 271,767 shares during the period. Global X U.S. Preferred ETF comprises approximately 2.4% of Rational Advisors LLC’s portfolio, making the stock its 13th largest position. Rational Advisors LLC’s holdings in Global X U.S. Preferred ETF were worth $25,237,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of the company. First Horizon Advisors Inc. lifted its stake in Global X U.S. Preferred ETF by 32.0% in the second quarter. First Horizon Advisors Inc. now owns 2,683 shares of the company’s stock worth $53,000 after purchasing an additional 650 shares during the last quarter. Intrepid Financial Planning Group LLC increased its holdings in shares of Global X U.S. Preferred ETF by 2.5% in the second quarter. Intrepid Financial Planning Group LLC now owns 29,645 shares of the company’s stock worth $583,000 after buying an additional 735 shares during the period. Nelson Capital Management LLC lifted its stake in shares of Global X U.S. Preferred ETF by 2.6% in the 1st quarter. Nelson Capital Management LLC now owns 28,930 shares of the company’s stock valued at $583,000 after acquiring an additional 739 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Global X U.S. Preferred ETF by 0.7% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 121,987 shares of the company’s stock valued at $2,401,000 after acquiring an additional 826 shares during the period. Finally, Rockport Wealth LLC grew its position in Global X U.S. Preferred ETF by 1.6% during the 2nd quarter. Rockport Wealth LLC now owns 53,835 shares of the company’s stock worth $1,059,000 after acquiring an additional 834 shares during the last quarter.

Global X U.S. Preferred ETF Stock Performance

PFFD stock opened at $20.56 on Tuesday. The firm’s 50-day moving average price is $20.64 and its two-hundred day moving average price is $20.03. Global X U.S. Preferred ETF has a 12-month low of $18.29 and a 12-month 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.