MeadowBrook Investment Advisors LLC Makes New $145,000 Investment in Global X SuperIncome Preferred ETF (NYSEARCA:SPFF)

MeadowBrook Investment Advisors LLC acquired a new stake in shares of Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 15,945 shares of the company’s stock, valued at approximately $145,000.

Other hedge funds have also recently modified their holdings of the company. Gradient Investments LLC grew its holdings in shares of Global X SuperIncome Preferred ETF by 99.1% in the fourth quarter. Gradient Investments LLC now owns 3,653 shares of the company’s stock valued at $33,000 after purchasing an additional 1,818 shares in the last quarter. Ellis Investment Partners LLC grew its stake in shares of Global X SuperIncome Preferred ETF by 7.1% in the 4th quarter. Ellis Investment Partners LLC now owns 31,850 shares of the company’s stock worth $289,000 after buying an additional 2,121 shares in the last quarter. Raymond James & Associates increased its holdings in shares of Global X SuperIncome Preferred ETF by 20.6% in the 3rd quarter. Raymond James & Associates now owns 23,438 shares of the company’s stock worth $206,000 after buying an additional 3,997 shares during the last quarter. D.A. Davidson & CO. increased its holdings in shares of Global X SuperIncome Preferred ETF by 20.5% in the 3rd quarter. D.A. Davidson & CO. now owns 49,840 shares of the company’s stock worth $438,000 after buying an additional 8,481 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in shares of Global X SuperIncome Preferred ETF by 10.5% during the 3rd quarter. HighTower Advisors LLC now owns 104,127 shares of the company’s stock valued at $914,000 after buying an additional 9,857 shares in the last quarter.

Global X SuperIncome Preferred ETF Trading Up 0.5 %

SPFF traded up $0.05 on Monday, hitting $9.22. The company had a trading volume of 85,160 shares, compared to its average volume of 58,679. The business’s fifty day simple moving average is $9.30 and its 200 day simple moving average is $9.11. Global X SuperIncome Preferred ETF has a 12-month low of $8.11 and a 12-month high of $9.57.

About Global X SuperIncome Preferred ETF

The Global X SuperIncome Preferred ETF (SPFF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market-value-weighted index of 50 of the highest-yielding preferred securities that are traded in the US and Canada. SPFF was launched on Jul 17, 2012 and is managed by Global X.