Global X U.S. Preferred ETF (NYSEARCA:PFFD) Reaches New 52-Week Low – Time to Sell?

Global X U.S. Preferred ETF (NYSEARCA:PFFD) shares hit a new 52-week low on Monday. The company traded as low as $16.94 and last traded at $17.0130, with a volume of 41,591 shares changing hands. The stock had previously closed at $16.97.

Global X U.S. Preferred ETF Trading Up 0.3%

The company has a 50-day moving average price of $17.75 and a 200-day moving average price of $18.59.

Hedge Funds Weigh In On Global X U.S. Preferred ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Markowski Investments acquired a new stake in shares of Global X U.S. Preferred ETF in the 2nd quarter worth $30,000. Compass Financial Management LLC purchased a new stake in Global X U.S. Preferred ETF during the second quarter worth $36,000. Continuum Advisory LLC acquired a new position in shares of Global X U.S. Preferred ETF during the 2nd quarter worth $36,000. Root Financial Partners LLC acquired a new stake in shares of Global X U.S. Preferred ETF in the first quarter valued at approximately $44,000. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Global X U.S. Preferred ETF in the second quarter worth $62,000.

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.