IFP Advisors Inc Has $271,000 Stock Holdings in Global X U.S. Preferred ETF $PFFD

IFP Advisors Inc decreased its stake in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 16.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,377 shares of the company’s stock after selling 2,849 shares during the quarter. IFP Advisors Inc’s holdings in Global X U.S. Preferred ETF were worth $271,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. MSH Capital Advisors LLC lifted its holdings in Global X U.S. Preferred ETF by 3.7% during the 1st quarter. MSH Capital Advisors LLC now owns 26,358 shares of the company’s stock valued at $502,000 after purchasing an additional 945 shares during the last quarter. Principal Securities Inc. raised its position in shares of Global X U.S. Preferred ETF by 1.3% in the first quarter. Principal Securities Inc. now owns 76,861 shares of the company’s stock valued at $1,500,000 after purchasing an additional 965 shares during the period. CENTRAL TRUST Co lifted its stake in shares of Global X U.S. Preferred ETF by 4.6% during the 1st quarter. CENTRAL TRUST Co now owns 22,920 shares of the company’s stock worth $436,000 after buying an additional 1,000 shares during the last quarter. Meridian Wealth Advisors LLC lifted its stake in shares of Global X U.S. Preferred ETF by 3.6% during the 1st quarter. Meridian Wealth Advisors LLC now owns 29,000 shares of the company’s stock worth $552,000 after buying an additional 1,000 shares during the last quarter. Finally, Sowell Financial Services LLC boosted its holdings in shares of Global X U.S. Preferred ETF by 7.5% during the 2nd quarter. Sowell Financial Services LLC now owns 14,449 shares of the company’s stock worth $272,000 after buying an additional 1,012 shares during the period.

Global X U.S. Preferred ETF Trading Down 0.7%

Shares of PFFD opened at $19.31 on Friday. Global X U.S. Preferred ETF has a 52 week low of $17.81 and a 52 week high of $20.95. The firm’s 50-day simple moving average is $19.48 and its 200 day simple moving average is $19.00.

Global X U.S. Preferred ETF Company 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.