Global X U.S. Preferred ETF (NYSEARCA:PFFD – Get Free Report) reached a new 52-week low on Tuesday. The stock traded as low as $17.17 and last traded at $17.2380, with a volume of 35,135 shares traded. The stock had previously closed at $17.18.
Global X U.S. Preferred ETF Price Performance
The stock has a 50-day moving average price of $17.94 and a two-hundred day moving average price of $18.47.
Institutional Trading of Global X U.S. Preferred ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PFFD. Orgel Wealth Management LLC boosted its holdings in Global X U.S. Preferred ETF by 1.5% in the third quarter. Orgel Wealth Management LLC now owns 6,927,424 shares of the company’s stock valued at $121,923,000 after acquiring an additional 101,232 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Global X U.S. Preferred ETF by 12.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,522,498 shares of the company’s stock worth $47,145,000 after purchasing an additional 272,858 shares in the last quarter. Lido Advisors LLC raised its holdings in Global X U.S. Preferred ETF by 7.7% in the 1st quarter. Lido Advisors LLC now owns 1,642,883 shares of the company’s stock worth $30,229,000 after purchasing an additional 117,625 shares in the last quarter. Cetera Investment Advisers raised its holdings in Global X U.S. Preferred ETF by 17.1% in the 1st quarter. Cetera Investment Advisers now owns 1,254,426 shares of the company’s stock worth $23,081,000 after purchasing an additional 182,979 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of Global X U.S. Preferred ETF by 12.4% in the 1st quarter. Sei Investments Co. now owns 1,116,743 shares of the company’s stock worth $20,548,000 after purchasing an additional 123,362 shares during the period.
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.
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