Global X U.S. Preferred ETF (NYSEARCA:PFFD) Sets New 1-Year Low – Should You Sell?

Global X U.S. Preferred ETF (NYSEARCA:PFFD)’s share price hit a new 52-week low during trading on Monday. The stock traded as low as $17.09 and last traded at $17.1050, with a volume of 681,668 shares changing hands. The stock had previously closed at $17.16.

Global X U.S. Preferred ETF Price Performance

The company has a 50 day simple moving average of $17.88 and a 200-day simple moving average of $18.46.

Institutional Trading of Global X U.S. Preferred ETF

Large investors have recently modified their holdings of the business. Orgel Wealth Management LLC lifted its holdings in Global X U.S. Preferred ETF by 1.5% in the third quarter. Orgel Wealth Management LLC now owns 6,927,424 shares of the company’s stock worth $121,923,000 after buying an additional 101,232 shares during the period. Envestnet Asset Management Inc. grew its stake in Global X U.S. Preferred ETF by 12.1% in the second quarter. Envestnet Asset Management Inc. now owns 2,522,498 shares of the company’s stock worth $47,145,000 after purchasing an additional 272,858 shares during the period. Lido Advisors LLC grew its stake in Global X U.S. Preferred ETF by 7.7% in the first quarter. Lido Advisors LLC now owns 1,642,883 shares of the company’s stock worth $30,229,000 after purchasing an additional 117,625 shares during the period. Cetera Investment Advisers grew its stake in Global X U.S. Preferred ETF by 17.1% in the first quarter. Cetera Investment Advisers now owns 1,254,426 shares of the company’s stock worth $23,081,000 after purchasing an additional 182,979 shares during the period. Finally, Sei Investments Co. raised its holdings in Global X U.S. Preferred ETF by 12.4% in the first quarter. Sei Investments Co. now owns 1,116,743 shares of the company’s stock worth $20,548,000 after purchasing an additional 123,362 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.