Global X U.S. Preferred ETF $PFFD Stock: Prairiewood Capital LLC Boosts Position

Prairiewood Capital LLC increased its position in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 9.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 434,814 shares of the company’s stock after acquiring an additional 37,204 shares during the period. Global X U.S. Preferred ETF comprises 1.9% of Prairiewood Capital LLC’s investment portfolio, making the stock its 15th biggest position. Prairiewood Capital LLC owned approximately 0.38% of Global X U.S. Preferred ETF worth $7,653,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of PFFD. Orgel Wealth Management LLC lifted its position in shares of Global X U.S. Preferred ETF by 1.5% during the third quarter. Orgel Wealth Management LLC now owns 6,927,424 shares of the company’s stock worth $121,923,000 after purchasing an additional 101,232 shares in the last quarter. Triumph Capital Management grew its holdings in shares of Global X U.S. Preferred ETF by 1.5% in the third quarter. Triumph Capital Management now owns 51,541 shares of the company’s stock valued at $907,000 after purchasing an additional 758 shares in the last quarter. First Citizens Bank & Trust Co. acquired a new position in shares of Global X U.S. Preferred ETF in the third quarter valued at approximately $584,000. RHS Financial LLC acquired a new position in shares of Global X U.S. Preferred ETF in the third quarter valued at approximately $221,000. Finally, Avior Wealth Management LLC purchased a new stake in Global X U.S. Preferred ETF during the 3rd quarter worth approximately $509,000.

Global X U.S. Preferred ETF Price Performance

PFFD traded down $0.23 during trading hours on Friday, hitting $17.19. 10,406,094 shares of the company’s stock were exchanged, compared to its average volume of 778,903. Global X U.S. Preferred ETF has a 12-month low of $17.17 and a 12-month high of $19.65. The firm has a 50 day moving average of $18.03 and a 200 day 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.