Austin Wealth Management LLC Increases Stock Position in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Austin Wealth Management LLC grew its stake in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 8.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 27,564 shares of the company’s stock after acquiring an additional 2,129 shares during the period. Austin Wealth Management LLC’s holdings in Global X U.S. Preferred ETF were worth $573,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. LPL Financial LLC raised its stake in shares of Global X U.S. Preferred ETF by 11.9% in the second quarter. LPL Financial LLC now owns 6,189,058 shares of the company’s stock valued at $121,801,000 after acquiring an additional 659,248 shares in the last quarter. Ocean Park Asset Management LLC acquired a new stake in Global X U.S. Preferred ETF in the second quarter valued at $9,962,000. BNP Paribas Financial Markets lifted its stake in Global X U.S. Preferred ETF by 1,038.4% during the first quarter. BNP Paribas Financial Markets now owns 492,734 shares of the company’s stock worth $9,934,000 after purchasing an additional 449,450 shares during the last quarter. Global X Japan Co. Ltd. lifted its position in shares of Global X U.S. Preferred ETF by 15.7% during the 2nd quarter. Global X Japan Co. Ltd. now owns 2,428,030 shares of the company’s stock worth $47,784,000 after buying an additional 329,680 shares during the last quarter. Finally, Advisors Management Group Inc. ADV grew its holdings in shares of Global X U.S. 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.

Global X U.S. Preferred ETF Price Performance

NYSEARCA PFFD traded down $0.01 on Thursday, reaching $20.49. The stock had a trading volume of 27,642 shares, compared to its average volume of 653,049. Global X U.S. Preferred ETF has a 12-month low of $17.68 and a 12-month high of $21.08. The business’s 50-day moving average price is $20.63 and its 200 day moving average price is $20.00.

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.