Global X U.S. Preferred ETF (NYSEARCA:PFFD) Sees Unusually-High Trading Volume – What’s Next?

Global X U.S. Preferred ETF (NYSEARCA:PFFD) shares saw unusually-high trading volume on Tuesday . Approximately 1,227,359 shares traded hands during trading, an increase of 101% from the previous session’s volume of 609,440 shares.The stock last traded at $18.30 and had previously closed at $18.24.

Global X U.S. Preferred ETF Price Performance

The firm has a 50-day moving average price of $19.06 and a two-hundred day moving average price of $19.17.

Global X U.S. Preferred ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a $0.10 dividend. This represents a c) annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend was Monday, March 2nd.

Institutional Investors Weigh In On Global X U.S. Preferred ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in PFFD. Captrust Financial Advisors raised its position in shares of 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 buying an additional 582 shares during the last quarter. Continuum Advisory LLC boosted its position in Global X U.S. Preferred ETF by 1.9% during the third quarter. Continuum Advisory LLC now owns 34,600 shares of the company’s stock worth $672,000 after acquiring an additional 638 shares during the last quarter. Foundations Investment Advisors LLC boosted its position in Global X U.S. Preferred ETF by 4.4% during the third quarter. Foundations Investment Advisors LLC now owns 16,294 shares of the company’s stock worth $317,000 after acquiring an additional 689 shares during the last quarter. Perissos Private Wealth Management LLC grew its stake in Global X U.S. Preferred ETF by 1.0% during the 3rd quarter. Perissos Private Wealth Management LLC now owns 72,944 shares of the company’s stock valued at $1,417,000 after acquiring an additional 752 shares in the last quarter. Finally, Cary Street Partners Financial LLC grew its stake in Global X U.S. Preferred ETF by 7.7% during the 2nd quarter. Cary Street Partners Financial LLC now owns 10,770 shares of the company’s stock valued at $203,000 after acquiring an additional 770 shares in the last quarter.

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.