Centaurus Financial Inc. Increases Stake in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Centaurus Financial Inc. lifted its stake in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 22.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,202 shares of the company’s stock after purchasing an additional 5,325 shares during the quarter. Centaurus Financial Inc.’s holdings in Global X U.S. Preferred ETF were worth $570,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of PFFD. LPL Financial LLC raised its position in shares of Global X U.S. Preferred ETF by 14.9% in the 4th quarter. LPL Financial LLC now owns 8,201,933 shares of the company’s stock valued at $160,020,000 after purchasing an additional 1,062,340 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Global X U.S. Preferred ETF in the 4th quarter valued at approximately $19,537,000. Bank of America Corp DE raised its position in shares of Global X U.S. Preferred ETF by 15.0% in the 4th quarter. Bank of America Corp DE now owns 6,177,018 shares of the company’s stock valued at $120,514,000 after purchasing an additional 804,185 shares during the last quarter. Independent Advisor Alliance purchased a new position in shares of Global X U.S. Preferred ETF in the 4th quarter valued at approximately $6,698,000. Finally, Modern Wealth Management LLC raised its position in shares of Global X U.S. Preferred ETF by 98.3% in the 4th quarter. Modern Wealth Management LLC now owns 636,103 shares of the company’s stock valued at $12,538,000 after purchasing an additional 315,346 shares during the last quarter.

Global X U.S. Preferred ETF Price Performance

PFFD opened at $18.68 on Friday. Global X U.S. Preferred ETF has a 12-month low of $17.81 and a 12-month high of $21.08. The firm has a 50 day moving average of $18.64 and a two-hundred day moving average of $19.41.

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.