Shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD – Get Free Report) hit a new 52-week low during mid-day trading on Monday. The company traded as low as $17.09 and last traded at $17.1050, with a volume of 681,668 shares. The stock had previously closed at $17.16.
Global X U.S. Preferred ETF Price Performance
The stock has a 50-day moving average price of $17.83 and a two-hundred day moving average price of $18.63.
Hedge Funds Weigh In On Global X U.S. Preferred ETF
Hedge funds and other institutional investors have recently modified their holdings of the stock. Plimoth Trust Co. LLC grew its stake in Global X U.S. Preferred ETF by 1.1% during the 2nd quarter. Plimoth Trust Co. LLC now owns 70,279 shares of the company’s stock valued at $1,314,000 after purchasing an additional 741 shares during the last quarter. Triumph Capital Management grew its holdings in Global X U.S. Preferred ETF by 1.5% in the third quarter. Triumph Capital Management now owns 51,541 shares of the company’s stock valued at $907,000 after purchasing an additional 758 shares during the period. American Institute for Advanced Investment Management LLP increased its holdings in Global X U.S. Preferred ETF by 2.4% in the 1st quarter. American Institute for Advanced Investment Management LLP now owns 37,448 shares of the company’s stock worth $689,000 after acquiring an additional 865 shares in the last quarter. First Citizens Bank & Trust Co. raised its position in shares of Global X U.S. Preferred ETF by 4.2% during the 1st quarter. First Citizens Bank & Trust Co. now owns 34,875 shares of the company’s stock worth $642,000 after purchasing an additional 1,405 shares during the last quarter. Finally, Markowski Investments acquired a new position in shares of Global X U.S. Preferred ETF during the second quarter valued at approximately $30,000.
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.
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