Cornerstone Wealth Management LLC Lowers Stock Holdings in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Cornerstone Wealth Management LLC reduced its position in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 12.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,433 shares of the company’s stock after selling 3,274 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Global X U.S. Preferred ETF were worth $457,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Endeavor Private Wealth Inc. bought a new position in shares of Global X U.S. Preferred ETF during the 4th quarter valued at $91,000. Mutual Advisors LLC boosted its position in Global X U.S. Preferred ETF by 3.7% during the fourth quarter. Mutual Advisors LLC now owns 73,982 shares of the company’s stock valued at $1,459,000 after buying an additional 2,624 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Global X U.S. Preferred ETF by 70.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 32,924 shares of the company’s stock valued at $642,000 after buying an additional 13,579 shares during the last quarter. Prairiewood Capital LLC increased its holdings in shares of Global X U.S. Preferred ETF by 3.1% in the fourth quarter. Prairiewood Capital LLC now owns 298,394 shares of the company’s stock worth $5,822,000 after buying an additional 8,968 shares during the period. Finally, FLC Capital Advisors lifted its stake in shares of Global X U.S. Preferred ETF by 36.6% in the 4th quarter. FLC Capital Advisors now owns 49,131 shares of the company’s stock valued at $959,000 after acquiring an additional 13,171 shares during the last quarter.

Global X U.S. Preferred ETF Stock Performance

PFFD opened at $19.99 on Friday. The stock’s 50 day simple moving average is $19.93 and its 200 day simple moving average is $20.20. Global X U.S. Preferred ETF has a 1 year low of $19.06 and a 1 year high of $21.08.

Global X U.S. Preferred ETF Company 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.