KWB Wealth Has $8.57 Million Stock Position in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

KWB Wealth cut its holdings in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 412,315 shares of the company’s stock after selling 9,332 shares during the quarter. Global X U.S. Preferred ETF comprises 1.1% of KWB Wealth’s investment portfolio, making the stock its 24th largest holding. KWB Wealth owned approximately 0.34% of Global X U.S. Preferred ETF worth $8,568,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. LPL Financial LLC increased its position in Global X U.S. Preferred ETF by 15.4% during the third quarter. LPL Financial LLC now owns 7,139,593 shares of the company’s stock worth $148,361,000 after acquiring an additional 950,535 shares during the period. Global X Japan Co. Ltd. grew its position in Global X U.S. Preferred ETF by 11.2% in the 3rd quarter. Global X Japan Co. Ltd. now owns 2,699,498 shares of the company’s stock worth $56,096,000 after purchasing an additional 271,468 shares during the last quarter. Orgel Wealth Management LLC increased its holdings in shares of Global X U.S. Preferred ETF by 9.6% during the 3rd 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 period. Hennion & Walsh Asset Management Inc. raised its position in shares of 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 buying an additional 140,769 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of Global X U.S. Preferred ETF by 30.2% in the second quarter. Cetera Investment Advisers now owns 559,222 shares of the company’s stock valued at $11,005,000 after buying an additional 129,798 shares during the period.

Global X U.S. Preferred ETF Price Performance

PFFD stock opened at $19.17 on Tuesday. Global X U.S. Preferred ETF has a twelve month low of $19.06 and a twelve month high of $21.08. The business’s 50-day simple moving average is $20.09 and its 200 day simple moving average is $20.20.

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.