GSB Wealth Management LLC Sells 22,865 Shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD)

GSB Wealth Management LLC lowered its holdings in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 10.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 206,423 shares of the company’s stock after selling 22,865 shares during the quarter. Global X U.S. Preferred ETF makes up about 1.0% of GSB Wealth Management LLC’s investment portfolio, making the stock its 22nd largest holding. GSB Wealth Management LLC owned approximately 0.17% of Global X U.S. Preferred ETF worth $4,027,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Accel Wealth Management boosted its position in Global X U.S. Preferred ETF by 8.7% during the 4th quarter. Accel Wealth Management now owns 52,736 shares of the company’s stock valued at $1,029,000 after acquiring an additional 4,205 shares in the last quarter. Sound Income Strategies LLC grew its stake in Global X U.S. Preferred ETF by 3.6% in the fourth quarter. Sound Income Strategies LLC now owns 265,584 shares of the company’s stock worth $5,182,000 after purchasing an additional 9,129 shares during the period. Endeavor Private Wealth Inc. bought a new position in Global X U.S. Preferred ETF in the fourth quarter worth $91,000. Mutual Advisors LLC raised its holdings in Global X U.S. Preferred ETF by 3.7% in the fourth quarter. Mutual Advisors LLC now owns 73,982 shares of the company’s stock worth $1,459,000 after purchasing an additional 2,624 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in Global X U.S. Preferred ETF by 70.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 32,924 shares of the company’s stock valued at $642,000 after buying an additional 13,579 shares during the period.

Global X U.S. Preferred ETF Stock Up 0.5 %

NYSEARCA:PFFD opened at $19.99 on Friday. The firm’s 50-day moving average price is $19.93 and its 200-day moving average price is $20.20. Global X U.S. Preferred ETF has a 1-year low of $19.06 and a 1-year high of $21.08.

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.