Global X U.S. Preferred ETF (NYSEARCA:PFFD) Sees Large Volume Increase – Time to Buy?

Global X U.S. Preferred ETF (NYSEARCA:PFFD) shares saw strong trading volume on Thursday . 3,175,034 shares changed hands during mid-day trading, an increase of 375% from the previous session’s volume of 668,394 shares.The stock last traded at $19.21 and had previously closed at $19.31.

Global X U.S. Preferred ETF Trading Down 0.3 %

The firm has a fifty day moving average price of $19.68 and a 200-day moving average price of $20.11.

Hedge Funds Weigh In On Global X U.S. Preferred ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Rialto Wealth Management LLC acquired a new position in Global X U.S. Preferred ETF during the fourth quarter valued at approximately $31,000. Heck Capital Advisors LLC acquired a new position in shares of Global X U.S. Preferred ETF during the 4th quarter worth $48,000. Vermillion Wealth Management Inc. bought a new stake in shares of Global X U.S. Preferred ETF during the 4th quarter worth $48,000. Aptus Capital Advisors LLC boosted its stake in Global X U.S. Preferred ETF by 89.4% in the fourth quarter. Aptus Capital Advisors LLC now owns 2,962 shares of the company’s stock valued at $58,000 after buying an additional 1,398 shares in the last quarter. Finally, Angeles Wealth Management LLC acquired a new stake in Global X U.S. Preferred ETF in the fourth quarter valued at about $60,000.

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.