MAI Capital Management Increases Holdings in Global X U.S. Preferred ETF $PFFD

MAI Capital Management raised its holdings in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 109.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 631,694 shares of the company’s stock after acquiring an additional 329,736 shares during the quarter. MAI Capital Management owned approximately 0.52% of Global X U.S. Preferred ETF worth $12,274,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Goldman Sachs Group Inc. boosted its holdings in Global X U.S. Preferred ETF by 1,157.8% in the first quarter. Goldman Sachs Group Inc. now owns 153,598 shares of the company’s stock valued at $2,925,000 after purchasing an additional 141,386 shares in the last quarter. Wealthfront Advisers LLC purchased a new stake in shares of Global X U.S. Preferred ETF during the 2nd quarter worth approximately $258,000. Envestnet Asset Management Inc. boosted its holdings in shares of Global X U.S. Preferred ETF by 14.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,642,627 shares of the company’s stock valued at $30,927,000 after buying an additional 209,405 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Global X U.S. Preferred ETF by 4.1% in the 2nd quarter. Assetmark Inc. now owns 845,138 shares of the company’s stock valued at $15,914,000 after buying an additional 33,139 shares in the last quarter. Finally, Savvy Advisors Inc. purchased a new position in shares of Global X U.S. Preferred ETF in the 2nd quarter valued at $214,000.

Global X U.S. Preferred ETF Trading Down 0.2%

Shares of NYSEARCA:PFFD opened at $19.42 on Thursday. Global X U.S. Preferred ETF has a 12 month low of $17.81 and a 12 month high of $19.91. The company’s fifty day moving average price is $19.31 and its 200 day moving average price is $19.29.

Global X U.S. Preferred ETF Announces Dividend

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

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.