Raymond James Financial Inc. Makes New Investment in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Raymond James Financial Inc. acquired a new position in Global X U.S. Preferred ETF (NYSEARCA:PFFD) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,001,364 shares of the company’s stock, valued at approximately $19,537,000. Raymond James Financial Inc. owned approximately 0.83% of Global X U.S. Preferred ETF at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC raised its stake in shares of Global X U.S. Preferred ETF by 15.4% in the 3rd quarter. LPL Financial LLC now owns 7,139,593 shares of the company’s stock valued at $148,361,000 after purchasing an additional 950,535 shares in the last quarter. Global X Japan Co. Ltd. raised its stake in shares of Global X U.S. Preferred ETF by 0.3% in the 4th quarter. Global X Japan Co. Ltd. now owns 2,708,021 shares of the company’s stock valued at $52,833,000 after purchasing an additional 8,523 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of Global X U.S. Preferred ETF by 23.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,466,319 shares of the company’s stock valued at $28,608,000 after purchasing an additional 274,237 shares in the last quarter. Advisors Management Group Inc. ADV raised its stake in shares of Global X U.S. Preferred ETF by 3.7% in the 4th quarter. Advisors Management Group Inc. ADV now owns 1,043,416 shares of the company’s stock valued at $20,357,000 after purchasing an additional 37,626 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of Global X U.S. Preferred ETF by 1.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 558,225 shares of the company’s stock valued at $10,891,000 after purchasing an additional 7,767 shares in the last quarter.

Global X U.S. Preferred ETF Stock Performance

Shares of Global X U.S. Preferred ETF stock opened at $19.43 on Monday. The firm’s 50-day simple moving average is $19.69 and its 200-day simple moving average is $20.15. Global X U.S. Preferred ETF has a 1 year low of $19.06 and a 1 year high of $21.08.

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.