Gladstone Institutional Advisory LLC Grows Stake in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Gladstone Institutional Advisory LLC raised its stake in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 11.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,966 shares of the company’s stock after purchasing an additional 10,124 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Global X U.S. Preferred ETF were worth $1,931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Angeles Wealth Management LLC bought a new position in shares of Global X U.S. Preferred ETF during the 4th quarter valued at approximately $60,000. Apollon Financial LLC purchased a new position in Global X U.S. Preferred ETF during the fourth quarter worth $1,682,000. Appleton Partners Inc. MA increased its position in Global X U.S. Preferred ETF by 4.9% during the fourth quarter. Appleton Partners Inc. MA now owns 218,129 shares of the company’s stock valued at $4,256,000 after acquiring an additional 10,162 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Global X U.S. Preferred ETF in the fourth quarter valued at $114,000. Finally, Global X Japan Co. Ltd. lifted its holdings in shares of Global X U.S. Preferred ETF by 0.3% in the 4th quarter. Global X Japan Co. Ltd. now owns 2,708,021 shares of the company’s stock worth $52,833,000 after acquiring an additional 8,523 shares during the last quarter.

Global X U.S. Preferred ETF Stock Down 0.6 %

PFFD stock opened at $19.57 on Thursday. Global X U.S. Preferred ETF has a 12 month low of $19.06 and a 12 month high of $21.08. The company has a 50-day moving average price of $19.78 and a 200 day moving average price of $20.19.

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.