Global X U.S. Preferred ETF (NYSEARCA:PFFD) Sets New 1-Year Low – Time to Sell?

Global X U.S. Preferred ETF (NYSEARCA:PFFD) reached a new 52-week low during mid-day trading 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 Price Performance

The business’s 50 day simple moving average is $19.54 and its 200 day simple moving average is $20.02.

Institutional Trading of Global X U.S. Preferred ETF

Hedge funds have recently made changes to their positions in the business. Trilogy Capital Inc. lifted its stake in shares of Global X U.S. Preferred ETF by 2.8% during the 4th quarter. Trilogy Capital Inc. now owns 18,109 shares of the company’s stock worth $353,000 after buying an additional 501 shares during the last quarter. Corient Private Wealth LLC grew its stake in Global X U.S. Preferred ETF by 2.2% in the 4th quarter. Corient Private Wealth LLC now owns 28,689 shares of the company’s stock valued at $560,000 after buying an additional 624 shares during the last quarter. Scotia Capital Inc. raised its holdings in Global X U.S. Preferred ETF by 6.2% in the 4th quarter. Scotia Capital Inc. now owns 12,590 shares of the company’s stock valued at $246,000 after acquiring an additional 730 shares during the period. Freestone Capital Holdings LLC lifted its position in Global X U.S. Preferred ETF by 7.7% during the fourth quarter. Freestone Capital Holdings LLC now owns 11,634 shares of the company’s stock worth $227,000 after acquiring an additional 833 shares during the last quarter. Finally, Financial Advocates Investment Management boosted its holdings in shares of Global X U.S. Preferred ETF by 4.3% during the fourth quarter. Financial Advocates Investment Management now owns 22,812 shares of the company’s stock worth $445,000 after acquiring an additional 938 shares during the period.

About Global X U.S. Preferred ETF

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.