Global X U.S. Preferred ETF (NYSEARCA:PFFD) Stake Lifted by Iron Horse Wealth Management LLC

Iron Horse Wealth Management LLC increased its position in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 4.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 443,290 shares of the company’s stock after buying an additional 18,196 shares during the quarter. Global X U.S. Preferred ETF accounts for 2.9% of Iron Horse Wealth Management LLC’s investment portfolio, making the stock its 15th biggest holding. Iron Horse Wealth Management LLC’s holdings in Global X U.S. Preferred ETF were worth $8,649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in shares of Global X U.S. Preferred ETF by 3,623.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,085 shares of the company’s stock valued at $43,000 after purchasing an additional 2,029 shares during the period. Heck Capital Advisors LLC bought a new position in Global X U.S. Preferred ETF during the fourth quarter valued at about $48,000. Blue Trust Inc. grew its holdings in Global X U.S. Preferred ETF by 822.5% during the third quarter. Blue Trust Inc. now owns 2,500 shares of the company’s stock worth $49,000 after acquiring an additional 2,229 shares during the period. Endeavor Private Wealth Inc. bought a new stake in Global X U.S. Preferred ETF in the fourth quarter worth about $91,000. Finally, GPS Wealth Strategies Group LLC lifted its holdings in Global X U.S. Preferred ETF by 26.7% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 6,017 shares of the company’s stock valued at $117,000 after acquiring an additional 1,269 shares during the last quarter.

Global X U.S. Preferred ETF Stock Performance

NYSEARCA:PFFD opened at $19.73 on Friday. The company has a 50-day moving average of $19.84 and a 200-day moving average of $20.19. Global X U.S. Preferred ETF has a twelve month low of $19.06 and a twelve 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.