Pinnacle Associates Ltd. trimmed its holdings in Global X SuperIncome Preferred ETF (NYSEARCA:SPFF – Get Rating) by 3.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 42,828 shares of the company's stock after selling 1,750 shares during the quarter. Pinnacle Associates Ltd. owned 0.20% of Global X SuperIncome Preferred ETF worth $427,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. MCIA Inc bought a new stake in Global X SuperIncome Preferred ETF during the 4th quarter valued at $103,000. PFG Advisors bought a new stake in Global X SuperIncome Preferred ETF during the 3rd quarter valued at $115,000. Mutual Advisors LLC bought a new stake in Global X SuperIncome Preferred ETF during the 4th quarter valued at $113,000. Centaurus Financial Inc. bought a new stake in Global X SuperIncome Preferred ETF during the 3rd quarter valued at $171,000. Finally, AE Wealth Management LLC bought a new stake in Global X SuperIncome Preferred ETF during the 3rd quarter valued at $186,000.

Global X SuperIncome Preferred ETF Trading Up 0.4 %

NYSEARCA:SPFF opened at $9.20 on Friday. Global X SuperIncome Preferred ETF has a 52 week low of $9.00 and a 52 week high of $10.97. The company has a fifty day moving average of $9.78 and a 200 day moving average of $9.79.

Global X SuperIncome Preferred ETF Profile

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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.

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