Meridian Wealth Advisors LLC Grows Position in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Meridian Wealth Advisors LLC lifted its stake in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 30.2% during the fourth quarter, HoldingsChannel reports. The firm owned 28,000 shares of the company’s stock after purchasing an additional 6,500 shares during the period. Meridian Wealth Advisors LLC’s holdings in Global X U.S. Preferred ETF were worth $546,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Trilogy Capital Inc. grew its holdings in shares of Global X U.S. Preferred ETF by 2.8% in the fourth quarter. Trilogy Capital Inc. now owns 18,109 shares of the company’s stock worth $353,000 after purchasing an additional 501 shares during the last quarter. Corient Private Wealth LLC grew its holdings in shares of Global X U.S. Preferred ETF by 2.2% in the fourth quarter. Corient Private Wealth LLC now owns 28,689 shares of the company’s stock worth $560,000 after purchasing an additional 624 shares during the last quarter. Freestone Capital Holdings LLC grew its holdings in shares of Global X U.S. Preferred ETF by 7.7% in the fourth quarter. Freestone Capital Holdings LLC now owns 11,634 shares of the company’s stock worth $227,000 after purchasing an additional 833 shares during the last quarter. Financial Advocates Investment Management grew its holdings in shares of Global X U.S. Preferred ETF by 4.3% in the fourth quarter. Financial Advocates Investment Management now owns 22,812 shares of the company’s stock worth $445,000 after purchasing an additional 938 shares during the last quarter. Finally, Centaurus Financial Inc. grew its holdings in shares of Global X U.S. Preferred ETF by 4.1% in the third quarter. Centaurus Financial Inc. now owns 23,877 shares of the company’s stock worth $496,000 after purchasing an additional 947 shares during the last quarter.

Global X U.S. Preferred ETF Stock Performance

NYSEARCA PFFD opened at $19.49 on Friday. The company’s 50-day moving average price is $19.68 and its 200-day moving average price is $20.13. Global X U.S. Preferred ETF has a 12 month low of $19.06 and a 12 month high of $21.08.

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.