UBS Group AG Lowers Stock Position in Global X U.S. Preferred ETF $PFFD

UBS Group AG cut its stake in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 20.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 703,670 shares of the company’s stock after selling 185,538 shares during the quarter. UBS Group AG’s holdings in Global X U.S. Preferred ETF were worth $13,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC bought a new position in shares of Global X U.S. Preferred ETF in the 2nd quarter worth $102,000. Geneos Wealth Management Inc. lifted its holdings in shares of Global X U.S. Preferred ETF by 117.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 5,516 shares of the company’s stock worth $104,000 after acquiring an additional 2,974 shares during the last quarter. Qube Research & Technologies Ltd lifted its holdings in shares of Global X U.S. Preferred ETF by 40.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 8,371 shares of the company’s stock worth $158,000 after acquiring an additional 2,415 shares during the last quarter. Insigneo Advisory Services LLC purchased a new position in Global X U.S. Preferred ETF in the third quarter worth $194,000. Finally, FDx Advisors Inc. purchased a new position in Global X U.S. Preferred ETF in the third quarter worth $195,000.

Global X U.S. Preferred ETF Price Performance

PFFD opened at $19.05 on Friday. The business’s fifty day simple moving average is $18.79 and its 200 day simple moving average is $19.04. Global X U.S. Preferred ETF has a 52 week low of $18.22 and a 52 week high of $19.89.

About Global X U.S. Preferred ETF

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.