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

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

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

The business has a 50 day moving average of $18.00 and a two-hundred day moving average of $18.49.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. AlphaStar Capital Management LLC bought a new position in shares of Global X U.S. Preferred ETF in the third quarter valued at about $18,755,000. Bessemer Group Inc. acquired a new stake in shares of Global X U.S. Preferred ETF during the 1st quarter worth about $18,434,000. Ocean Park Asset Management LLC acquired a new stake in shares of Global X U.S. Preferred ETF during the 2nd quarter worth about $11,312,000. Envestnet Asset Management Inc. boosted its holdings in shares of 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 buying an additional 272,858 shares during the period. Finally, Cetera Investment Advisers boosted 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 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.