Global X U.S. Preferred ETF $PFFD Shares Purchased by Assetmark Inc.

Assetmark Inc. increased its position in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 4.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 845,138 shares of the company’s stock after buying an additional 33,139 shares during the quarter. Assetmark Inc. owned about 0.70% of Global X U.S. Preferred ETF worth $15,914,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its position in shares of Global X U.S. Preferred ETF by 11.1% during the first quarter. Envestnet Asset Management Inc. now owns 1,433,222 shares of the company’s stock worth $27,289,000 after acquiring an additional 143,263 shares during the last quarter. Golden State Wealth Management LLC boosted its stake in Global X U.S. Preferred ETF by 47.2% during the 1st quarter. Golden State Wealth Management LLC now owns 8,626 shares of the company’s stock worth $164,000 after purchasing an additional 2,765 shares during the period. Ameritas Advisory Services LLC acquired a new stake in Global X U.S. Preferred ETF during the 2nd quarter worth $149,000. Raymond James Financial Inc. grew its position in Global X U.S. Preferred ETF by 5.5% during the 1st quarter. Raymond James Financial Inc. now owns 1,056,338 shares of the company’s stock worth $20,113,000 after purchasing an additional 54,974 shares during the last quarter. Finally, Avantax Advisory Services Inc. grew its position in Global X U.S. Preferred ETF by 5.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 35,161 shares of the company’s stock worth $669,000 after purchasing an additional 1,825 shares during the last quarter.

Global X U.S. Preferred ETF Stock Down 0.2%

Shares of NYSEARCA:PFFD opened at $19.19 on Friday. Global X U.S. Preferred ETF has a one year low of $17.81 and a one year high of $20.80. The company has a 50-day simple moving average of $19.49 and a 200-day simple moving average of $19.08.

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.