Global X U.S. Preferred ETF (NYSEARCA:PFFD) Reaches New 12-Month Low – What’s Next?

Global X U.S. Preferred ETF (NYSEARCA:PFFD) shares reached a new 52-week low on Thursday. The company traded as low as $16.76 and last traded at $16.7870, with a volume of 287,573 shares. The stock had previously closed at $16.89.

Global X U.S. Preferred ETF Stock Performance

The company has a fifty day moving average price of $17.52 and a 200-day moving average price of $18.49.

Institutional Trading of Global X U.S. Preferred ETF

Institutional investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. acquired a new stake in shares of Global X U.S. Preferred ETF in the 3rd quarter valued at $33,000. WealthTrust Axiom LLC bought a new stake in Global X U.S. Preferred ETF in the third quarter worth $5,300,000. Private Advisor Group LLC bought a new stake in Global X U.S. Preferred ETF in the third quarter worth $3,654,000. Alpha Financial Partners LLC increased its position in Global X U.S. Preferred ETF by 12.1% during the third quarter. Alpha Financial Partners LLC now owns 84,599 shares of the company’s stock worth $1,489,000 after buying an additional 9,120 shares during the last quarter. Finally, Cibc World Market Inc. bought a new position in Global X U.S. Preferred ETF during the third quarter valued at about $1,524,000.

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.