Rialto Wealth Management LLC Invests $31,000 in Global X U.S. Preferred ETF (NYSEARCA:PFFD)

Rialto Wealth Management LLC bought a new stake in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) during the 4th quarter, HoldingsChannel reports. The firm bought 1,566 shares of the company’s stock, valued at approximately $31,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PFFD. Farther Finance Advisors LLC raised its stake in shares of Global X U.S. Preferred ETF by 3,623.2% during the third quarter. Farther Finance Advisors LLC now owns 2,085 shares of the company’s stock valued at $43,000 after purchasing an additional 2,029 shares during the period. Heck Capital Advisors LLC purchased a new stake in Global X U.S. Preferred ETF during the 4th quarter worth $48,000. Angeles Wealth Management LLC acquired a new position in Global X U.S. Preferred ETF in the 4th quarter worth $60,000. Endeavor Private Wealth Inc. acquired a new position in Global X U.S. Preferred ETF in the 4th quarter worth $91,000. Finally, Golden State Wealth Management LLC purchased a new position in Global X U.S. Preferred ETF in the 4th quarter valued at about $114,000.

Global X U.S. Preferred ETF Stock Down 0.4 %

Shares of NYSEARCA PFFD opened at $19.42 on Monday. Global X U.S. Preferred ETF has a 1 year low of $19.06 and a 1 year high of $21.08. The stock’s 50-day simple moving average is $19.72 and its 200-day simple moving average is $20.19.

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.