Royal Bank of Canada Trims Stock Holdings in Global X U.S. Preferred ETF $PFFD

Royal Bank of Canada lowered its stake in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 20.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 575,448 shares of the company’s stock after selling 147,371 shares during the quarter. Royal Bank of Canada’s holdings in Global X U.S. Preferred ETF were worth $10,589,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Naples Global Advisors LLC increased its holdings in Global X U.S. Preferred ETF by 5.5% in the 4th quarter. Naples Global Advisors LLC now owns 535,866 shares of the company’s stock worth $10,185,000 after acquiring an additional 28,144 shares in the last quarter. WealthPlan Investment Management LLC purchased a new position in Global X U.S. Preferred ETF during the fourth quarter valued at approximately $2,285,000. Carnegie Investment Counsel bought a new position in shares of Global X U.S. Preferred ETF in the fourth quarter worth approximately $7,464,000. Hegarty Advisors LLC bought a new position in shares of Global X U.S. Preferred ETF in the fourth quarter worth approximately $1,871,000. Finally, WealthTrust Axiom LLC increased its stake in shares of Global X U.S. Preferred ETF by 23.0% in the fourth quarter. WealthTrust Axiom LLC now owns 327,067 shares of the company’s stock worth $6,185,000 after purchasing an additional 61,236 shares in the last quarter.

Global X U.S. Preferred ETF Stock Performance

Shares of PFFD stock opened at $18.60 on Friday. Global X U.S. Preferred ETF has a one year low of $18.22 and a one year high of $19.89. The company’s fifty day moving average price is $18.66 and its 200-day moving average price is $18.88.

Global X U.S. Preferred ETF Company 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.