JPMorgan Chase & Co. Sells 6,442 Shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD)

JPMorgan Chase & Co. lowered its stake in shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 15.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,935 shares of the company’s stock after selling 6,442 shares during the quarter. JPMorgan Chase & Co.’s holdings in Global X U.S. Preferred ETF were worth $747,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PFFD. Farther Finance Advisors LLC boosted its holdings in shares of Global X U.S. Preferred ETF by 3,623.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,085 shares of the company’s stock worth $43,000 after buying an additional 2,029 shares during the period. Blue Trust Inc. boosted its holdings in Global X U.S. Preferred ETF by 822.5% during the third quarter. Blue Trust Inc. now owns 2,500 shares of the company’s stock valued at $49,000 after acquiring an additional 2,229 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in shares of Global X U.S. Preferred ETF in the third quarter valued at about $131,000. Jacobsen Capital Management acquired a new stake in shares of Global X U.S. Preferred ETF in the third quarter valued at about $203,000. Finally, L.M. Kohn & Company bought a new position in shares of Global X U.S. Preferred ETF in the third quarter worth about $209,000.

Global X U.S. Preferred ETF Stock Performance

Shares of NYSEARCA:PFFD opened at $19.99 on Monday. The business has a 50 day moving average price of $19.93 and a 200 day moving average price of $20.20. Global X U.S. Preferred ETF has a twelve month low of $19.06 and a twelve month 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.