Global X U.S. Preferred ETF (NYSEARCA:PFFD) Hits New 52-Week Low – Should You Sell?

Global X U.S. Preferred ETF (NYSEARCA:PFFDGet Free Report) shares hit a new 52-week low during mid-day trading 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 Performance

The company’s 50-day moving average is $18.56 and its 200-day moving average is $18.77.

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

Hedge funds have recently made changes to their positions in the stock. Captrust Financial Advisors raised its position in Global X U.S. Preferred ETF by 4.2% in the fourth quarter. Captrust Financial Advisors now owns 14,417 shares of the company’s stock valued at $273,000 after purchasing an additional 582 shares during the period. Perissos Private Wealth Management LLC lifted its position in shares of Global X U.S. Preferred ETF by 1.0% during the third quarter. Perissos Private Wealth Management LLC now owns 72,944 shares of the company’s stock worth $1,417,000 after purchasing an additional 752 shares in the last quarter. Alteri Wealth LLC boosted its stake in shares of Global X U.S. Preferred ETF by 1.5% in the fourth quarter. Alteri Wealth LLC now owns 53,454 shares of the company’s stock valued at $1,011,000 after purchasing an additional 774 shares during the period. Bank of Montreal Can boosted its stake in shares of Global X U.S. Preferred ETF by 72.9% in the fourth quarter. Bank of Montreal Can now owns 1,937 shares of the company’s stock valued at $37,000 after purchasing an additional 817 shares during the period. Finally, American Institute for Advanced Investment Management LLP grew its holdings in shares of Global X U.S. Preferred ETF by 2.4% in the first quarter. American Institute for Advanced Investment Management LLP now owns 37,448 shares of the company’s stock valued at $689,000 after purchasing an additional 865 shares in the last quarter.

About Global X U.S. Preferred ETF

(Get Free Report)

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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