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

Shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) saw an uptick in trading volume on Thursday . 3,175,034 shares traded 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 Price Performance

The company’s fifty day moving average price is $19.68 and its 200 day moving average price is $20.11.

Institutional Investors Weigh In On Global X U.S. Preferred ETF

Several large investors have recently added to or reduced their stakes in PFFD. Rialto Wealth Management LLC acquired a new position in Global X U.S. Preferred ETF during the 4th quarter worth $31,000. Heck Capital Advisors LLC bought a new position in Global X U.S. Preferred ETF in the 4th quarter valued at about $48,000. Vermillion Wealth Management Inc. acquired a new position in Global X U.S. Preferred ETF during the 4th quarter valued at about $48,000. Aptus Capital Advisors LLC raised its position in shares of Global X U.S. Preferred ETF by 89.4% during the 4th 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 in the last quarter. Finally, Angeles Wealth Management LLC acquired a new stake in shares of Global X U.S. Preferred ETF in 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.