Drive Wealth Management LLC Cuts Stake on Global X US Preferred ETF (NYSEARCA:PFFD)

Drive Wealth Management LLC trimmed its holdings in shares of Global X US Preferred ETF (NYSEARCA:PFFD – Free Report ) by 23.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,165 shares of the company’s stock after selling 6,060 shares during the period. Drive Wealth Management LLC’s holdings in Global X US Preferred ETF were worth $397,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PFFD. BNP Paribas Financial Markets lifted its position in shares of Global X US Preferred ETF by 1,038.4% in the first quarter. BNP Paribas Financial Markets now owns 492,734 shares of the company’s stock valued at $9,934,000 after acquiring an additional 449,450 shares during the period. Advisors Management Group Inc. ADV grew its position in shares of Global X US Preferred ETF by 41.2% during the second quarter. Advisors Management Group Inc. ADV now owns 985,522 shares of the company’s stock worth $19,395,000 after purchasing an additional 287,689 shares during the last quarter. Q3 Asset Management purchased a new stake in Global X US Preferred ETF in the first quarter valued at about $5,731,000. Cetera Investment Advisers boosted its holdings in Global X US Preferred ETF by 193.3% in the first quarter. Cetera Investment Advisers now owns 429,424 shares of the company’s stock valued at $8,657,000 after purchasing an additional 283,025 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its position in Global X US Preferred ETF by 54.9% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 784,754 shares of the company’s stock worth $15,821,000 after buying an additional 278,198 shares during the last quarter.

Global X US Preferred ETF Stock Performance

Shares of NYSEARCA:PFFD opened at $20.27 on Monday. Global X US Preferred ETF has a 52-week low of $17.37 and a 52-week high of $20.43. The stock’s fifty-day simple moving average is $19.86, and its 200-day simple moving average is $19.81.

Global X US Preferred ETF Company Profile

(Free report)

The Global X US Preferred ETF (PFFD) is an exchange-traded fund that invests largely in credit fixed income. The fund tracks a market value weighted index of selected and market value weighted US preferred stocks. PFFD was launched on September 11, 2017 and is managed by Global X.

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