Global X U.S. Preferred ETF (NYSEARCA:PFFD – Get Free Report) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $18.05 and last traded at $18.0390, with a volume of 84638 shares trading hands. The stock had previously closed at $18.17.
Global X U.S. Preferred ETF Stock Down 0.6%
The company has a 50 day moving average price of $18.49 and a 200-day moving average price of $18.72.
Institutional Investors Weigh In On Global X U.S. Preferred ETF
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV acquired a new position in shares of Global X U.S. Preferred ETF during the third quarter worth $30,455,000. Bessemer Group Inc. acquired a new stake in Global X U.S. Preferred ETF during the first quarter worth approximately $18,434,000. Ocean Park Asset Management LLC bought a new stake in shares of Global X U.S. Preferred ETF in the 2nd quarter valued at $11,312,000. BNP Paribas Financial Markets increased its stake in Global X U.S. Preferred ETF by 422.5% in the third quarter. BNP Paribas Financial Markets now owns 735,060 shares of the company’s stock valued at $14,282,000 after purchasing an additional 594,391 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of Global X U.S. Preferred ETF by 81.4% during the fourth quarter. Cetera Investment Advisers now owns 1,071,447 shares of the company’s stock valued at $20,261,000 after purchasing an additional 480,895 shares during the period.
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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