Angeles Wealth Management LLC Makes New $60,000 Investment in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Angeles Wealth Management LLC purchased a new position in Global X U.S. Preferred ETF (NYSEARCA:PFFD) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,054 shares of the company’s stock, valued at approximately $60,000.

Other hedge funds have also added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in Global X U.S. Preferred ETF by 3,623.2% in the third quarter. Farther Finance Advisors LLC now owns 2,085 shares of the company’s stock worth $43,000 after purchasing an additional 2,029 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in Global X U.S. Preferred ETF in the fourth quarter worth $48,000. Blue Trust Inc. lifted its stake in Global X U.S. Preferred ETF by 822.5% in the third quarter. Blue Trust Inc. now owns 2,500 shares of the company’s stock worth $49,000 after purchasing an additional 2,229 shares during the last quarter. Endeavor Private Wealth Inc. bought a new stake in Global X U.S. Preferred ETF in the fourth quarter worth $91,000. Finally, Golden State Wealth Management LLC bought a new stake in Global X U.S. Preferred ETF in the fourth quarter worth $114,000.

Global X U.S. Preferred ETF Stock Performance

PFFD stock opened at $19.69 on Wednesday. The firm’s 50-day moving average price is $19.80 and its two-hundred day moving average price is $20.20. Global X U.S. Preferred ETF has a 12-month low of $19.06 and a 12-month high of $21.08.

Global X U.S. Preferred ETF 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.