Global X U.S. Preferred ETF (NYSEARCA:PFFD) Stock Holdings Increased by David Kennon Inc

David Kennon Inc raised its position in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 2.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 384,708 shares of the company’s stock after purchasing an additional 7,573 shares during the quarter. Global X U.S. Preferred ETF accounts for 3.1% of David Kennon Inc’s investment portfolio, making the stock its 11th biggest holding. David Kennon Inc owned about 0.32% of Global X U.S. Preferred ETF worth $7,994,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Ridgewood Investments LLC acquired a new stake in shares of Global X U.S. Preferred ETF in the 2nd quarter valued at approximately $25,000. Blue Trust Inc. raised its holdings in Global X U.S. Preferred ETF by 822.5% in the 3rd quarter. Blue Trust Inc. now owns 2,500 shares of the company’s stock valued at $49,000 after acquiring an additional 2,229 shares during the period. New Millennium Group LLC bought a new stake in Global X U.S. Preferred ETF in the 2nd quarter valued at $51,000. First Horizon Advisors Inc. lifted its stake in Global X U.S. Preferred ETF by 32.0% during the second quarter. First Horizon Advisors Inc. now owns 2,683 shares of the company’s stock worth $53,000 after purchasing an additional 650 shares during the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Global X U.S. Preferred ETF in the 3rd quarter valued at approximately $131,000.

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

NYSEARCA PFFD traded down $0.15 on Wednesday, hitting $20.62. The company’s stock had a trading volume of 162,797 shares, compared to its average volume of 657,656. Global X U.S. Preferred ETF has a 1-year low of $17.58 and a 1-year high of $21.08. The company’s 50-day moving average is $20.57 and its 200 day moving average is $19.97.

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.