Angeles Wealth Management LLC Acquires Shares of 3,054 Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Angeles Wealth Management LLC acquired a new stake in Global X U.S. Preferred ETF (NYSEARCA:PFFD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,054 shares of the company’s stock, valued at approximately $60,000.

Other hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC increased its position in shares of Global X U.S. Preferred ETF by 3,623.2% during the third quarter. Farther Finance Advisors LLC now owns 2,085 shares of the company’s stock valued at $43,000 after buying an additional 2,029 shares during the period. Heck Capital Advisors LLC bought a new position in Global X U.S. Preferred ETF in the fourth quarter worth about $48,000. Blue Trust Inc. raised its stake in Global X U.S. Preferred ETF by 822.5% in the third quarter. Blue Trust Inc. now owns 2,500 shares of the company’s stock worth $49,000 after buying an additional 2,229 shares in the last quarter. Endeavor Private Wealth Inc. bought a new position in Global X U.S. Preferred ETF in the fourth quarter worth about $91,000. Finally, Golden State Wealth Management LLC bought a new position in Global X U.S. Preferred ETF in the fourth quarter worth about $114,000.

Global X U.S. Preferred ETF Price Performance

PFFD stock opened at $19.69 on Wednesday. Global X U.S. Preferred ETF has a 1 year low of $19.06 and a 1 year high of $21.08. The firm has a 50-day moving average of $19.80 and a 200 day moving average of $20.20.

Global X U.S. Preferred ETF Profile

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.