Prosperity Wealth Management Inc. Grows Holdings in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Prosperity Wealth Management Inc. lifted its position in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 57.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 45,372 shares of the company’s stock after buying an additional 16,514 shares during the quarter. Global X U.S. Preferred ETF accounts for approximately 0.6% of Prosperity Wealth Management Inc.’s holdings, making the stock its 28th largest position. Prosperity Wealth Management Inc.’s holdings in Global X U.S. Preferred ETF were worth $880,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of PFFD. Advisors Asset Management Inc. grew its stake in Global X U.S. Preferred ETF by 6.2% in the 4th quarter. Advisors Asset Management Inc. now owns 8,040 shares of the company’s stock worth $156,000 after acquiring an additional 471 shares during the period. Milestone Investment Advisors LLC lifted its holdings in shares of Global X U.S. Preferred ETF by 99.4% during the 1st quarter. Milestone Investment Advisors LLC now owns 1,811 shares of the company’s stock worth $36,000 after acquiring an additional 903 shares during the period. Laidlaw Wealth Management LLC boosted its position in shares of Global X U.S. Preferred ETF by 3.1% in the fourth quarter. Laidlaw Wealth Management LLC now owns 31,775 shares of the company’s stock worth $615,000 after acquiring an additional 942 shares during the last quarter. Millington Financial Advisors LLC grew its holdings in Global X U.S. Preferred ETF by 6.2% in the third quarter. Millington Financial Advisors LLC now owns 16,426 shares of the company’s stock valued at $309,000 after purchasing an additional 955 shares during the period. Finally, Private Advisor Group LLC raised its stake in Global X U.S. Preferred ETF by 3.1% during the third quarter. Private Advisor Group LLC now owns 33,020 shares of the company’s stock worth $621,000 after purchasing an additional 1,008 shares during the period.

Global X U.S. Preferred ETF Price Performance

PFFD stock traded up $0.12 during trading on Wednesday, reaching $19.27. 218,907 shares of the stock traded hands, compared to its average volume of 770,762. The business’s 50 day moving average price is $20.02 and its 200-day moving average price is $19.32. Global X U.S. Preferred ETF has a 52-week low of $17.37 and a 52-week high of $20.43.

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.