AHL Investment Management Inc. Has $7.87 Million Stock Position in Global X U.S. Preferred ETF $PFFD

AHL Investment Management Inc. lessened its position in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 0.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 417,733 shares of the company’s stock after selling 1,500 shares during the period. Global X U.S. Preferred ETF accounts for 5.2% of AHL Investment Management Inc.’s holdings, making the stock its 4th biggest holding. AHL Investment Management Inc. owned about 0.35% of Global X U.S. Preferred ETF worth $7,866,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PFFD. Global X Japan Co. Ltd. raised its stake in Global X U.S. Preferred ETF by 17.2% during the first quarter. Global X Japan Co. Ltd. now owns 3,173,111 shares of the company’s stock worth $60,416,000 after buying an additional 465,090 shares during the last quarter. Compton Financial Group LLC bought a new position in Global X U.S. Preferred ETF during the first quarter worth $6,475,000. Cetera Investment Advisers raised its stake in Global X U.S. Preferred ETF by 30.8% during the first quarter. Cetera Investment Advisers now owns 953,135 shares of the company’s stock worth $18,148,000 after buying an additional 224,650 shares during the last quarter. AlphaCore Capital LLC bought a new position in Global X U.S. Preferred ETF during the first quarter worth $2,960,000. Finally, Envestnet Asset Management Inc. raised its stake in Global X U.S. Preferred ETF by 11.1% during the first quarter. Envestnet Asset Management Inc. now owns 1,433,222 shares of the company’s stock worth $27,289,000 after buying an additional 143,263 shares during the last quarter.

Global X U.S. Preferred ETF Price Performance

Shares of NYSEARCA PFFD opened at $19.80 on Friday. Global X U.S. Preferred ETF has a twelve month low of $17.81 and a twelve month high of $21.08. The firm has a fifty day simple moving average of $19.31 and a 200 day simple moving average of $18.99.

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.