Global X U.S. Preferred ETF (NYSEARCA:PFFD) Sets New 1-Year Low – Time to Sell?

Shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $17.83 and last traded at $17.8050, with a volume of 32282 shares traded. The stock had previously closed at $17.91.

Global X U.S. Preferred ETF Price Performance

The stock’s fifty day moving average is $18.37 and its 200 day moving average is $18.63.

Hedge Funds Weigh In On Global X U.S. Preferred ETF

A number of institutional investors and hedge funds have recently modified their holdings of PFFD. Markowski Investments purchased a new stake in Global X U.S. Preferred ETF during the 2nd quarter valued at $30,000. Compass Financial Management LLC purchased a new position in Global X U.S. Preferred ETF during the second quarter worth $36,000. Continuum Advisory LLC purchased a new position in Global X U.S. Preferred ETF during the second quarter worth $36,000. Root Financial Partners LLC bought a new position in Global X U.S. Preferred ETF during the first quarter valued at $44,000. Finally, AG Campbell Advisory LLC bought a new position in Global X U.S. Preferred ETF during the fourth quarter valued at $50,000.

Global X U.S. Preferred ETF Company Profile

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.