Global X U.S. Preferred ETF (NYSEARCA:PFFD – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $17.36 and last traded at $17.3850, with a volume of 1542187 shares. The stock had previously closed at $17.48.
Global X U.S. Preferred ETF Stock Down 0.5%
The firm’s fifty day simple moving average is $18.20 and its 200 day simple moving average is $18.55.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its position in 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 purchasing an additional 272,858 shares in the last quarter. Lido Advisors LLC increased its stake in shares of Global X U.S. Preferred ETF by 7.7% in the 1st quarter. Lido Advisors LLC now owns 1,642,883 shares of the company’s stock valued at $30,229,000 after purchasing an additional 117,625 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Global X U.S. Preferred ETF by 17.1% during the 1st quarter. Cetera Investment Advisers now owns 1,254,426 shares of the company’s stock worth $23,081,000 after buying an additional 182,979 shares in the last quarter. Sei Investments Co. lifted its position in shares of Global X U.S. Preferred ETF by 12.4% during the 1st quarter. Sei Investments Co. now owns 1,116,743 shares of the company’s stock worth $20,548,000 after buying an additional 123,362 shares during the last quarter. Finally, Bessemer Group Inc. acquired a new stake in Global X U.S. Preferred ETF in the first quarter valued at about $18,434,000.
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.
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