Global X U.S. Preferred ETF (NYSEARCA:PFFD) Sees Strong Trading Volume – Here’s Why

Shares of Global X U.S. Preferred ETF (NYSEARCA:PFFDGet Free Report) saw an uptick in trading volume on Tuesday . 1,835,976 shares traded hands during mid-day trading, an increase of 145% from the previous session’s volume of 749,176 shares.The stock last traded at $18.56 and had previously closed at $18.56.

Global X U.S. Preferred ETF Trading Up 0.0%

The company has a fifty day moving average of $18.63 and a two-hundred day moving average of $19.27.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Anderson Financial Strategies LLC bought a new stake in shares of Global X U.S. Preferred ETF in the 1st quarter valued at $46,000. Advisors Capital Management LLC grew its holdings in Global X U.S. Preferred ETF by 4.2% during the 1st quarter. Advisors Capital Management LLC now owns 68,582 shares of the company’s stock worth $1,306,000 after acquiring an additional 2,760 shares during the period. SWS Partners raised its position in shares of Global X U.S. Preferred ETF by 10.7% in the 1st quarter. SWS Partners now owns 249,210 shares of the company’s stock worth $4,745,000 after acquiring an additional 24,174 shares in the last quarter. Bluefin Capital Management LLC acquired a new position in shares of Global X U.S. Preferred ETF in the 1st quarter valued at about $1,122,000. Finally, Flaharty Asset Management LLC boosted its position in shares of Global X U.S. Preferred ETF by 8.2% during the 1st quarter. Flaharty Asset Management LLC now owns 1,003,503 shares of the company’s stock valued at $19,107,000 after purchasing an additional 75,673 shares in the last quarter.

About Global X U.S. Preferred ETF

(Get Free Report)

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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