Stratos Wealth Partners LTD. Has $2.59 Million Stock Position in Global X U.S. Preferred ETF $PFFD

Stratos Wealth Partners LTD. reduced its holdings in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 4.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,491 shares of the company’s stock after selling 6,682 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Global X U.S. Preferred ETF were worth $2,589,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. boosted its holdings in shares of Global X U.S. Preferred ETF by 11.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,433,222 shares of the company’s stock worth $27,289,000 after acquiring an additional 143,263 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of Global X U.S. Preferred ETF by 47.2% in the 1st quarter. Golden State Wealth Management LLC now owns 8,626 shares of the company’s stock worth $164,000 after acquiring an additional 2,765 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Global X U.S. Preferred ETF by 3.7% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 31,571 shares of the company’s stock worth $601,000 after acquiring an additional 1,122 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Global X U.S. Preferred ETF in the 2nd quarter worth approximately $149,000. Finally, Raymond James Financial Inc. boosted its holdings in shares of Global X U.S. Preferred ETF by 5.5% in the 1st quarter. Raymond James Financial Inc. now owns 1,056,338 shares of the company’s stock worth $20,113,000 after acquiring an additional 54,974 shares in the last quarter.

Global X U.S. Preferred ETF Price Performance

Shares of PFFD opened at $19.27 on Monday. Global X U.S. Preferred ETF has a one year low of $17.81 and a one year high of $20.95. The business’s 50 day simple moving average is $19.48 and its 200-day simple moving average is $19.01.

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.