Creative Planning Increases Stake in Global X U.S. Preferred ETF

Creative Planning has recently increased its investment in the Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 1.4% during the third quarter of this year. This information was disclosed in the company's latest Form 13F filing with the Securities and Exchange Commission. Following the additional purchase of 13,055 shares, Creative Planning currently holds a total of 945,370 shares of the ETF. According to their most recent filing, the value of these holdings is estimated to be $19,645,000.

Other institutional investors have also been active in adjusting their positions in the Global X U.S. Preferred ETF. Notably, LPL Financial LLC increased its stake by 11.9% during the second quarter, bringing its total to 6,189,058 shares valued at $121,801,000 after acquiring an additional 659,248 shares. Global X Japan Co. Ltd. expanded its holdings by 15.7%, now owning 2,428,030 shares worth $47,784,000 after purchasing 329,680 shares. Orgel Wealth Management LLC raised its stake by 9.9%, now holding 2,037,722 shares valued at $40,102,000 after an increase of 183,307 shares. Envestnet Asset Management Inc. boosted its ownership by 12.2%, with a total of 1,180,014 shares valued at $23,223,000 due to adding 128,462 shares. Finally, Full Sail Capital LLC grew its position by 7.9%, owning 1,059,788 shares valued at $20,857,000 after acquiring an additional 77,267 shares.

Performance of Global X U.S. Preferred ETF

As of the latest trading session, shares of the Global X U.S. Preferred ETF opened at $20.70. The fund has a 50-day moving average of $20.52 and a 200-day moving average of $19.96. Over the past year, the ETF has experienced a low of $17.52 and a high of $21.08, demonstrating its price performance in the market.

Insight into Global X U.S. Preferred ETF

The Global X U.S. Preferred ETF (PFFD) is designed to invest primarily in broad credit fixed income. This exchange-traded fund aims to track a market-value-weighted index of U.S. preferred stocks that are selected and weighted based on their market value. Launched on September 11, 2017, the fund is managed by Global X.

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For those interested in what other hedge funds are holding PFFD: Tracking the latest 13F filings and insider trades can provide more insight.

Investment, ETF, Shares