New York Life Investment Management LLC Reduces Stake in Global X U.S. Preferred ETF $PFFD

New York Life Investment Management LLC trimmed its position in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 1.6% during the third quarter, Holdings Channel reports. The firm owned 1,818,645 shares of the company’s stock after selling 30,280 shares during the quarter. New York Life Investment Management LLC’s holdings in Global X U.S. Preferred ETF were worth $35,336,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Continuum Advisory LLC raised its stake in shares of Global X U.S. Preferred ETF by 1.9% during the 3rd quarter. Continuum Advisory LLC now owns 34,600 shares of the company’s stock worth $672,000 after buying an additional 638 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in Global X U.S. Preferred ETF by 1.4% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 49,010 shares of the company’s stock valued at $923,000 after acquiring an additional 677 shares during the last quarter. Foundations Investment Advisors LLC increased its holdings in Global X U.S. Preferred ETF by 4.4% during the 3rd quarter. Foundations Investment Advisors LLC now owns 16,294 shares of the company’s stock valued at $317,000 after acquiring an additional 689 shares in the last quarter. Cary Street Partners Financial LLC raised its position in Global X U.S. Preferred ETF by 7.7% during the second quarter. Cary Street Partners Financial LLC now owns 10,770 shares of the company’s stock worth $203,000 after acquiring an additional 770 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC raised its position in Global X U.S. Preferred ETF by 1.0% during the third quarter. Gladstone Institutional Advisory LLC now owns 122,467 shares of the company’s stock worth $2,380,000 after acquiring an additional 1,268 shares during the last quarter.

Global X U.S. Preferred ETF Trading Up 0.8%

PFFD stock opened at $19.27 on Monday. The company’s 50 day simple moving average is $19.20 and its 200-day simple moving average is $19.26. Global X U.S. Preferred ETF has a 12 month low of $17.81 and a 12 month high of $19.91.

Global X U.S. Preferred ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.10 per share. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date was Monday, February 2nd.

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.