Shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD – Get Free Report) saw strong trading volume on Tuesday. 983,701 shares were traded during mid-day trading, an increase of 44% from the previous session’s volume of 685,033 shares. The stock last traded at $17.6050 and had previously closed at $17.64.
Global X U.S. Preferred ETF Price Performance
The business’s 50-day simple moving average is $18.32 and its two-hundred day simple moving average is $18.60.
Institutional Investors Weigh In On Global X U.S. Preferred ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. bought a new position in Global X U.S. Preferred ETF in the 1st quarter valued at about $18,434,000. Ocean Park Asset Management LLC bought a new position in shares of Global X U.S. Preferred ETF in the second quarter valued at approximately $11,312,000. Envestnet Asset Management Inc. boosted its position in shares of Global X U.S. Preferred ETF by 12.1% during the second quarter. Envestnet Asset Management Inc. now owns 2,522,498 shares of the company’s stock valued at $47,145,000 after buying an additional 272,858 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Global X U.S. Preferred ETF by 17.1% during the first quarter. Cetera Investment Advisers now owns 1,254,426 shares of the company’s stock valued at $23,081,000 after buying an additional 182,979 shares during the last quarter. Finally, Columbus Macro LLC grew its holdings in Global X U.S. Preferred ETF by 22.3% during the first quarter. Columbus Macro LLC now owns 919,406 shares of the company’s stock worth $16,917,000 after buying an additional 167,907 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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