Citigroup Inc. trimmed its stake in Global X US Preferred ETF (BATS:PFFD) by 66.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 270,000 shares of the company’s stock after selling 530,000 shares during the period. Citigroup Inc.’s holdings in Global X US Preferred ETF were worth $6,615,000 at the end of the most recent reporting period.

Separately, AdvisorNet Financial Inc acquired a new stake in Global X US Preferred ETF in the first quarter valued at $235,000.

Global X US Preferred ETF opened at $24.20 on Friday, according to Marketbeat.com. Global X US Preferred ETF has a twelve month low of $23.70 and a twelve month high of $25.77.

The business also recently disclosed a monthly dividend, which was paid on Friday, May 11th. Investors of record on Friday, May 4th were issued a $0.1178 dividend. The ex-dividend date was Thursday, May 3rd. This represents a $1.41 dividend on an annualized basis and a yield of 5.84%.

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