Global X U.S. Preferred ETF (NYSEARCA:PFFD – Get Free Report)’s share price hit a new 52-week low on Thursday. The stock traded as low as $17.36 and last traded at $17.3850, with a volume of 1542187 shares. The stock had previously closed at $17.48.
Global X U.S. Preferred ETF Stock Down 0.5%
The stock’s fifty day simple moving average is $18.20 and its 200-day simple moving average is $18.55.
Institutional Investors Weigh In On Global X U.S. Preferred ETF
Institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its stake in Global X U.S. Preferred ETF by 12.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,522,498 shares of the company’s stock worth $47,145,000 after acquiring an additional 272,858 shares during the period. Lido Advisors LLC grew its holdings in shares of Global X U.S. Preferred ETF by 7.7% during the 1st quarter. Lido Advisors LLC now owns 1,642,883 shares of the company’s stock worth $30,229,000 after purchasing an additional 117,625 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Global X U.S. Preferred ETF by 17.1% during the 1st quarter. Cetera Investment Advisers now owns 1,254,426 shares of the company’s stock worth $23,081,000 after purchasing an additional 182,979 shares in the last quarter. Sei Investments Co. increased its position in shares of Global X U.S. Preferred ETF by 12.4% in the first quarter. Sei Investments Co. now owns 1,116,743 shares of the company’s stock worth $20,548,000 after purchasing an additional 123,362 shares during the period. Finally, Bessemer Group Inc. bought a new position in shares of Global X U.S. Preferred ETF in the first quarter worth $18,434,000.
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.
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