Cwm LLC Has $25.25 Million Position in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Cwm LLC grew its holdings in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 2.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,326,042 shares of the company’s stock after buying an additional 25,961 shares during the quarter. Cwm LLC owned 1.08% of Global X U.S. Preferred ETF worth $25,248,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PFFD. LPL Financial LLC lifted its holdings in shares of Global X U.S. Preferred ETF by 14.9% during the fourth quarter. LPL Financial LLC now owns 8,201,933 shares of the company’s stock valued at $160,020,000 after acquiring an additional 1,062,340 shares during the period. Bank of America Corp DE grew its holdings 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 worth $120,514,000 after purchasing an additional 804,185 shares during the last quarter. Global X Japan Co. Ltd. increased its position in shares of Global X U.S. Preferred ETF by 17.2% during the 1st quarter. Global X Japan Co. Ltd. now owns 3,173,111 shares of the company’s stock worth $60,416,000 after purchasing an additional 465,090 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in Global X U.S. Preferred ETF by 8.7% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 1,593,344 shares of the company’s stock valued at $30,337,000 after purchasing an additional 127,025 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Global X U.S. Preferred ETF by 11.1% in the first quarter. Envestnet Asset Management Inc. now owns 1,433,222 shares of the company’s stock valued at $27,289,000 after buying an additional 143,263 shares in the last quarter.

Global X U.S. Preferred ETF Stock Performance

Shares of PFFD stock opened at $19.15 on Monday. Global X U.S. Preferred ETF has a 52 week low of $17.81 and a 52 week high of $21.08. The stock’s fifty day moving average is $18.76 and its 200-day moving average is $19.12.

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.