Global X U.S. Preferred ETF (NYSEARCA:PFFD) Hits New 52-Week Low – Here’s What Happened

Shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) hit a new 52-week low on Tuesday . The company traded as low as $18.15 and last traded at $18.15, with a volume of 120089 shares. The stock had previously closed at $18.32.

Global X U.S. Preferred ETF Stock Up 0.2%

The company has a 50 day simple moving average of $18.53 and a 200-day simple moving average of $18.76.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PFFD. Markowski Investments bought a new stake in Global X U.S. Preferred ETF during the 2nd quarter valued at $30,000. Compass Financial Management LLC bought a new position in shares of Global X U.S. Preferred ETF in the second quarter valued at $36,000. Continuum Advisory LLC bought a new position in shares of Global X U.S. Preferred ETF in the second quarter valued at $36,000. Bank of Montreal Can grew its holdings in shares of Global X U.S. Preferred ETF by 72.9% during the fourth quarter. Bank of Montreal Can now owns 1,937 shares of the company’s stock valued at $37,000 after buying an additional 817 shares during the last quarter. Finally, Birchwood Financial Partners Inc. acquired a new position in shares of Global X U.S. Preferred ETF during the fourth quarter valued at about $40,000.

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.