Global X U.S. Preferred ETF (NYSEARCA:PFFD – Get Free Report)’s stock price hit a new 52-week low on Wednesday. The company traded as low as $17.54 and last traded at $17.62, with a volume of 2709856 shares. The stock had previously closed at $17.64.
Global X U.S. Preferred ETF Stock Performance
The firm has a 50 day moving average price of $18.27 and a 200-day moving average price of $18.58.
Institutional Investors Weigh In On Global X U.S. Preferred ETF
A number of large investors have recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. raised its position in shares of Global X U.S. Preferred ETF by 14.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 46,730 shares of the company’s stock valued at $873,000 after purchasing an additional 5,917 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Global X U.S. Preferred ETF by 12.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,522,498 shares of the company’s stock worth $47,145,000 after buying an additional 272,858 shares during the period. Plimoth Trust Co. LLC grew its stake in Global X U.S. Preferred ETF by 1.1% in the 2nd quarter. Plimoth Trust Co. LLC now owns 70,279 shares of the company’s stock valued at $1,314,000 after buying an additional 741 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in Global X U.S. Preferred ETF in the 2nd quarter valued at $62,000. Finally, Waverly Advisors LLC raised its holdings in Global X U.S. Preferred ETF by 22.4% in the 2nd quarter. Waverly Advisors LLC now owns 138,526 shares of the company’s stock worth $2,589,000 after acquiring an additional 25,390 shares during the period.
About Global X U.S. Preferred ETF
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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