Focus Financial Network Inc. Has $1.34 Million Stock Position in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Focus Financial Network Inc. raised its stake in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 3.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,235 shares of the company’s stock after acquiring an additional 1,959 shares during the quarter. Focus Financial Network Inc. owned about 0.05% of Global X U.S. Preferred ETF worth $1,335,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. LPL Financial LLC increased its holdings in shares of Global X U.S. Preferred ETF by 11.9% in the second quarter. LPL Financial LLC now owns 6,189,058 shares of the company’s stock valued at $121,801,000 after purchasing an additional 659,248 shares in the last quarter. Ocean Park Asset Management LLC bought a new stake in shares of Global X U.S. Preferred ETF during the second quarter worth $9,962,000. BNP Paribas Financial Markets lifted its stake in shares of Global X U.S. Preferred ETF by 1,038.4% during the first quarter. BNP Paribas Financial Markets now owns 492,734 shares of the company’s stock valued at $9,934,000 after acquiring an additional 449,450 shares during the period. Global X Japan Co. Ltd. boosted its holdings in Global X U.S. Preferred ETF by 15.7% in the second quarter. Global X Japan Co. Ltd. now owns 2,428,030 shares of the company’s stock valued at $47,784,000 after acquiring an additional 329,680 shares during the last quarter. Finally, Advisors Management Group Inc. ADV increased its position in Global X U.S. Preferred ETF by 41.2% in the second quarter. Advisors Management Group Inc. ADV now owns 985,522 shares of the company’s stock worth $19,395,000 after purchasing an additional 287,689 shares during the period.

Global X U.S. Preferred ETF Stock Performance

Global X U.S. Preferred ETF stock opened at $20.36 on Friday. Global X U.S. Preferred ETF has a 1 year low of $18.15 and a 1 year high of $21.08. The company’s 50-day moving average is $20.64 and its two-hundred day moving average is $20.02.

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.