HighTower Advisors LLC Has $7.46 Million Stock Holdings in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

HighTower Advisors LLC lifted its stake in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 7.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 382,338 shares of the company’s stock after acquiring an additional 25,063 shares during the quarter. HighTower Advisors LLC’s holdings in Global X U.S. Preferred ETF were worth $7,459,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in PFFD. Rialto Wealth Management LLC bought a new stake in shares of Global X U.S. Preferred ETF in the 4th quarter valued at $31,000. Heck Capital Advisors LLC bought a new stake in Global X U.S. Preferred ETF during the fourth quarter valued at $48,000. Angeles Wealth Management LLC acquired a new stake in Global X U.S. Preferred ETF during the 4th quarter worth about $60,000. Endeavor Private Wealth Inc. bought a new position in shares of Global X U.S. Preferred ETF in the 4th quarter worth about $91,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Global X U.S. Preferred ETF in the 4th quarter valued at about $114,000.

Global X U.S. Preferred ETF Stock Down 0.1 %

NYSEARCA PFFD opened at $19.50 on Wednesday. Global X U.S. Preferred ETF has a one year low of $19.06 and a one year high of $21.08. The business has a 50 day simple moving average of $19.67 and a 200 day simple moving average of $20.14.

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.