1,869,239 Shares of Global X U.S. Preferred ETF $PFFD Acquired by Lido Advisors LLC

Lido Advisors LLC acquired a new position in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,869,239 shares of the company’s stock, valued at approximately $32,899,000. Lido Advisors LLC owned approximately 1.73% of Global X U.S. Preferred ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. AlphaStar Capital Management LLC purchased a new stake in Global X U.S. Preferred ETF during the third quarter worth $18,755,000. Bessemer Group Inc. acquired a new stake in Global X U.S. Preferred ETF in the first quarter valued at $18,434,000. Ocean Park Asset Management LLC purchased a new position in shares of Global X U.S. Preferred ETF in the second quarter valued at $11,312,000. Conning Inc. purchased a new position in shares of Global X U.S. Preferred ETF in the third quarter valued at $10,212,000. Finally, Carnegie Investment Counsel purchased a new position in shares of Global X U.S. Preferred ETF in the third quarter valued at $5,496,000.

Global X U.S. Preferred ETF Stock Down 1.5%

NYSEARCA:PFFD opened at $16.84 on Wednesday. Global X U.S. Preferred ETF has a 52-week low of $16.76 and a 52-week high of $19.65. The stock has a fifty day simple moving average of $17.54 and a 200-day simple moving average of $18.50.

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.