Sound Income Strategies LLC Grows Position in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Sound Income Strategies LLC boosted its stake in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 10.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 230,209 shares of the company’s stock after buying an additional 22,513 shares during the period. Sound Income Strategies LLC owned 0.19% of Global X U.S. Preferred ETF worth $4,641,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. increased its position in shares of Global X U.S. Preferred ETF by 7.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,428,292 shares of the company’s stock worth $26,866,000 after purchasing an additional 102,134 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Global X U.S. Preferred ETF during the third quarter valued at about $281,000. LPL Financial LLC raised its stake in shares of Global X U.S. Preferred ETF by 10.0% in the 3rd quarter. LPL Financial LLC now owns 1,518,728 shares of the company’s stock valued at $28,567,000 after acquiring an additional 137,982 shares during the period. Advisors Capital Management LLC lifted its holdings in shares of Global X U.S. Preferred ETF by 29.4% in the 3rd quarter. Advisors Capital Management LLC now owns 48,571 shares of the company’s stock worth $914,000 after acquiring an additional 11,040 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. lifted its holdings in shares of Global X U.S. Preferred ETF by 1,449.5% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 1,596 shares of the company’s stock worth $30,000 after acquiring an additional 1,493 shares during the last quarter.

Global X U.S. Preferred ETF Stock Performance

Global X U.S. Preferred ETF stock remained flat at $19.75 during trading on Wednesday. 478,777 shares of the company traded hands, compared to its average volume of 720,319. Global X U.S. Preferred ETF has a 12-month low of $17.37 and a 12-month high of $20.43. The company has a fifty day simple moving average of $19.58 and a 200 day simple moving average of $19.75.

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.