Global X U.S. Preferred ETF $PFFD Stock: Orgel Wealth Management LLC Boosts Holdings

Orgel Wealth Management LLC increased its stake in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 1.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,927,424 shares of the company’s stock after buying an additional 101,232 shares during the quarter. Global X U.S. Preferred ETF comprises approximately 2.3% of Orgel Wealth Management LLC’s investment portfolio, making the stock its 16th biggest holding. Orgel Wealth Management LLC owned 6.05% of Global X U.S. Preferred ETF worth $121,923,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Columbus Macro LLC grew its stake in Global X U.S. Preferred ETF by 22.3% during the 1st quarter. Columbus Macro LLC now owns 919,406 shares of the company’s stock valued at $16,917,000 after purchasing an additional 167,907 shares during the last quarter. Bessemer Group Inc. acquired a new position in shares of Global X U.S. Preferred ETF in the first quarter valued at about $18,434,000. Webster Bank N. A. increased its holdings in shares of Global X U.S. Preferred ETF by 3,294.3% in the first quarter. Webster Bank N. A. now owns 29,870 shares of the company’s stock valued at $550,000 after purchasing an additional 28,990 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Global X U.S. Preferred ETF by 12.1% in the second quarter. Envestnet Asset Management Inc. now owns 2,522,498 shares of the company’s stock worth $47,145,000 after purchasing an additional 272,858 shares during the last quarter. Finally, Ocean Park Asset Management LLC purchased a new position in shares of Global X U.S. Preferred ETF in the second quarter worth about $11,312,000.

Global X U.S. Preferred ETF Stock Down 1.4%

Global X U.S. Preferred ETF stock opened at $17.22 on Thursday. Global X U.S. Preferred ETF has a 52 week low of $17.17 and a 52 week high of $19.65. The stock has a 50-day moving average price of $18.08 and a 200 day moving average price of $18.51.

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.