Rockport Wealth LLC Acquires 19,226 Shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Rockport Wealth LLC boosted its holdings in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 29.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 83,919 shares of the company’s stock after purchasing an additional 19,226 shares during the quarter. Global X U.S. Preferred ETF makes up about 0.8% of Rockport Wealth LLC’s portfolio, making the stock its 19th largest position. Rockport Wealth LLC’s holdings in Global X U.S. Preferred ETF were worth $1,697,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC bought a new stake in Global X U.S. Preferred ETF during the 4th quarter valued at approximately $31,000. Heck Capital Advisors LLC bought a new stake in Global X U.S. Preferred ETF during the 4th quarter valued at approximately $48,000. Angeles Wealth Management LLC acquired a new position in Global X U.S. Preferred ETF in the 4th quarter valued at approximately $60,000. Endeavor Private Wealth Inc. acquired a new position in Global X U.S. Preferred ETF in the 4th quarter valued at approximately $91,000. Finally, Golden State Wealth Management LLC acquired a new position in Global X U.S. Preferred ETF in the 4th quarter valued at approximately $114,000.

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

Global X U.S. Preferred ETF stock opened at $19.43 on Monday. The business has a 50 day moving average price of $19.69 and a two-hundred day moving average price of $20.15. Global X U.S. Preferred ETF has a 12 month low of $19.06 and a 12 month high of $21.08.

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.