Iron Horse Wealth Management LLC Has $5.74 Million Stake in Global X U.S. Preferred ETF $PFFD

Iron Horse Wealth Management LLC lifted its holdings in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 1.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 304,662 shares of the company’s stock after acquiring an additional 4,523 shares during the period. Global X U.S. Preferred ETF accounts for about 1.7% of Iron Horse Wealth Management LLC’s portfolio, making the stock its 16th biggest position. Iron Horse Wealth Management LLC’s holdings in Global X U.S. Preferred ETF were worth $5,737,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of PFFD. Orgel Wealth Management LLC acquired a new stake in shares of Global X U.S. Preferred ETF during the 2nd quarter worth approximately $131,115,000. Global X Japan Co. Ltd. grew 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 buying an additional 465,090 shares during the period. Compton Financial Group LLC acquired a new stake in shares of Global X U.S. Preferred ETF during the 1st quarter worth approximately $6,475,000. Cetera Investment Advisers grew its position in shares of Global X U.S. Preferred ETF by 30.8% during the 1st quarter. Cetera Investment Advisers now owns 953,135 shares of the company’s stock worth $18,148,000 after buying an additional 224,650 shares during the period. Finally, AlphaCore Capital LLC acquired a new stake in shares of Global X U.S. Preferred ETF during the 1st quarter worth approximately $2,960,000.

Global X U.S. Preferred ETF Stock Performance

Shares of NYSEARCA PFFD opened at $19.51 on Friday. The firm has a 50 day moving average price of $19.43 and a 200 day moving average price of $19.00. Global X U.S. Preferred ETF has a 52-week low of $17.81 and a 52-week high of $20.99.

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.