FUKOKU MUTUAL LIFE INSURANCE Co Buys 632,000 Shares of Global X U.S. Preferred ETF $PFFD

FUKOKU MUTUAL LIFE INSURANCE Co lifted its stake in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 68.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,551,000 shares of the company’s stock after acquiring an additional 632,000 shares during the quarter. Global X U.S. Preferred ETF makes up approximately 1.9% of FUKOKU MUTUAL LIFE INSURANCE Co’s investment portfolio, making the stock its 22nd largest position. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Global X U.S. Preferred ETF were worth $30,136,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Smartleaf Asset Management LLC acquired a new position in Global X U.S. Preferred ETF during the second quarter valued at approximately $102,000. Geneos Wealth Management Inc. grew its position in shares of Global X U.S. Preferred ETF by 117.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 5,516 shares of the company’s stock valued at $104,000 after acquiring an additional 2,974 shares during the period. Evolution Wealth Management Inc. acquired a new position in shares of Global X U.S. Preferred ETF during the 2nd quarter worth about $129,000. Qube Research & Technologies Ltd raised its holdings in shares of Global X U.S. Preferred ETF by 40.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 8,371 shares of the company’s stock valued at $158,000 after purchasing an additional 2,415 shares during the period. Finally, Cerity Partners LLC acquired a new stake in Global X U.S. Preferred ETF in the 2nd quarter valued at about $193,000.

Global X U.S. Preferred ETF Trading Down 0.3%

Global X U.S. Preferred ETF stock opened at $19.36 on Friday. The stock has a 50-day simple moving average of $19.32 and a 200 day simple moving average of $19.29. Global X U.S. Preferred ETF has a 52 week low of $17.81 and a 52 week high of $19.89.

Global X U.S. Preferred ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.10 per share. This represents a c) annualized dividend and a dividend 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.