Global X U.S. Preferred ETF (NYSEARCA:PFFD) is Flaharty Asset Management LLC’s 8th Largest Position

Flaharty Asset Management LLC decreased its holdings in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 29.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,287,940 shares of the company’s stock after selling 527,260 shares during the quarter. Global X U.S. Preferred ETF makes up approximately 3.9% of Flaharty Asset Management LLC’s portfolio, making the stock its 8th biggest position. Flaharty Asset Management LLC owned approximately 1.09% of Global X U.S. Preferred ETF worth $24,986,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Sheets Smith Wealth Management purchased a new stake in Global X U.S. Preferred ETF during the third quarter worth $29,000. Financial Gravity Asset Management Inc. increased its stake in Global X U.S. Preferred ETF by 1,449.5% during the third quarter. Financial Gravity Asset Management Inc. now owns 1,596 shares of the company’s stock worth $30,000 after acquiring an additional 1,493 shares during the last quarter. GPS Wealth Strategies Group LLC acquired a new stake in shares of Global X U.S. Preferred ETF in the fourth quarter valued at about $33,000. Venturi Wealth Management LLC acquired a new stake in shares of Global X U.S. Preferred ETF in the third quarter valued at about $54,000. Finally, Simplex Trading LLC acquired a new stake in Global X U.S. Preferred ETF during the 4th quarter valued at approximately $71,000.

Global X U.S. Preferred ETF Price Performance

NYSEARCA PFFD traded up $0.14 during mid-day trading on Monday, reaching $19.51. 126,990 shares of the company’s stock traded hands, compared to its average volume of 745,682. The company has a fifty day simple moving average of $19.93 and a 200-day simple moving average of $19.40. Global X U.S. Preferred ETF has a 1-year low of $17.37 and a 1-year high of $20.43.

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.