Global X U.S. Preferred ETF (NYSEARCA:PFFD) Hits New 12-Month Low – Here’s What Happened

Global X U.S. Preferred ETF (NYSEARCA:PFFD)’s stock price reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as $17.17 and last traded at $17.2380, with a volume of 35,135 shares changing hands. The stock had previously closed at $17.18.

Global X U.S. Preferred ETF Trading Up 0.7%

The firm has a fifty day moving average of $18.00 and a 200-day moving average of $18.49.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. AlphaStar Capital Management LLC bought a new position in Global X U.S. Preferred ETF during the third quarter worth about $18,755,000. Bessemer Group Inc. acquired a new position 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 Global X U.S. Preferred ETF in the second quarter valued at approximately $11,312,000. Envestnet Asset Management Inc. raised its stake in Global X U.S. Preferred ETF by 12.1% in the second quarter. Envestnet Asset Management Inc. now owns 2,522,498 shares of the company’s stock valued at $47,145,000 after buying an additional 272,858 shares during the period. Finally, Cetera Investment Advisers raised its stake in Global X U.S. Preferred ETF by 17.1% in the first quarter. Cetera Investment Advisers now owns 1,254,426 shares of the company’s stock valued at $23,081,000 after buying an additional 182,979 shares during the period.

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.