Orion Capital Management LLC Invests $74,000 in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Orion Capital Management LLC acquired a new position in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 3,800 shares of the company’s stock, valued at approximately $74,000.

Several other institutional investors have also modified their holdings of PFFD. Rialto Wealth Management LLC purchased a new stake in shares of Global X U.S. Preferred ETF during the 4th quarter worth approximately $31,000. Heck Capital Advisors LLC purchased a new stake in shares of Global X U.S. Preferred ETF during the 4th quarter worth approximately $48,000. Aptus Capital Advisors LLC lifted its position in shares of Global X U.S. Preferred ETF by 89.4% during the 4th quarter. Aptus Capital Advisors LLC now owns 2,962 shares of the company’s stock worth $58,000 after buying an additional 1,398 shares during the last quarter. Angeles Wealth Management LLC purchased a new stake in shares of Global X U.S. Preferred ETF during the 4th quarter worth approximately $60,000. Finally, Endeavor Private Wealth Inc. purchased a new stake in shares of Global X U.S. Preferred ETF during the 4th quarter worth approximately $91,000.

Global X U.S. Preferred ETF Stock Down 1.5%

Shares of Global X U.S. Preferred ETF stock opened at $18.55 on Thursday. The firm’s fifty day simple moving average is $18.76 and its 200-day simple moving average is $19.51. Global X U.S. Preferred ETF has a 12 month low of $17.81 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.