Shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD – Get Free Report) reached a new 52-week low during trading on Monday. The stock traded as low as $16.94 and last traded at $17.0130, with a volume of 41,591 shares traded. The stock had previously closed at $16.97.
Global X U.S. Preferred ETF Trading Up 0.3%
The firm has a fifty day moving average price of $17.75 and a 200-day moving average price of $18.59.
Hedge Funds Weigh In On Global X U.S. Preferred ETF
Institutional investors and hedge funds have recently bought and sold shares of the stock. Orgel Wealth Management LLC boosted its holdings in shares of Global X U.S. Preferred ETF by 1.5% in the 3rd quarter. Orgel Wealth Management LLC now owns 6,927,424 shares of the company’s stock valued at $121,923,000 after purchasing an additional 101,232 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of 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 during the period. Lido Advisors LLC grew its holdings in shares of Global X U.S. Preferred ETF by 7.7% during 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 during the period. Cetera Investment Advisers increased its position in Global X U.S. Preferred ETF by 17.1% during 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. increased its position in Global X U.S. Preferred ETF by 12.4% during 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 in the last quarter.
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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