Accel Wealth Management Increases Stock Position in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Accel Wealth Management lifted its stake in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 8.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,736 shares of the company’s stock after acquiring an additional 4,205 shares during the quarter. Accel Wealth Management’s holdings in Global X U.S. Preferred ETF were worth $1,029,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC raised its stake in Global X U.S. Preferred ETF by 15.4% during the 3rd quarter. LPL Financial LLC now owns 7,139,593 shares of the company’s stock valued at $148,361,000 after buying an additional 950,535 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Global X U.S. Preferred ETF by 23.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,466,319 shares of the company’s stock worth $28,608,000 after acquiring an additional 274,237 shares during the period. Global X Japan Co. Ltd. increased its position in Global X U.S. Preferred ETF by 11.2% during the third quarter. Global X Japan Co. Ltd. now owns 2,699,498 shares of the company’s stock valued at $56,096,000 after acquiring an additional 271,468 shares during the last quarter. Orgel Wealth Management LLC lifted its holdings in Global X U.S. Preferred ETF by 9.6% in the third quarter. Orgel Wealth Management LLC now owns 2,233,236 shares of the company’s stock valued at $46,407,000 after acquiring an additional 195,514 shares during the period. Finally, Cetera Investment Advisers boosted its position in Global X U.S. Preferred ETF by 30.2% in the second quarter. Cetera Investment Advisers now owns 559,222 shares of the company’s stock worth $11,005,000 after purchasing an additional 129,798 shares during the last quarter.

Global X U.S. Preferred ETF Stock Performance

Global X U.S. Preferred ETF stock opened at $19.99 on Friday. The business has a 50-day simple moving average of $19.93 and a two-hundred day simple moving average of $20.20. Global X U.S. Preferred ETF has a 52-week low of $19.06 and a 52-week 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.