Global X U.S. Preferred ETF (NYSEARCA:PFFD) Reaches New 1-Year Low – Here’s What Happened

Global X U.S. Preferred ETF (NYSEARCA:PFFD) hit a new 52-week low on Monday . The stock traded as low as $17.81 and last traded at $17.94, with a volume of 210159 shares traded. The stock had previously closed at $18.33.

Global X U.S. Preferred ETF Stock Performance

The business has a 50-day simple moving average of $19.43 and a 200-day simple moving average of $19.97.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Rialto Wealth Management LLC purchased a new position in shares of Global X U.S. Preferred ETF during the 4th quarter worth about $31,000. Heck Capital Advisors LLC purchased a new position in shares of Global X U.S. Preferred ETF during the fourth quarter valued at approximately $48,000. Vermillion Wealth Management Inc. bought a new position in shares of Global X U.S. Preferred ETF during the fourth quarter valued at approximately $48,000. Aptus Capital Advisors LLC raised its holdings in shares of 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 worth $58,000 after buying an additional 1,398 shares during the period. Finally, Angeles Wealth Management LLC bought a new stake in shares of Global X U.S. Preferred ETF during the 4th quarter worth approximately $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.