Global X U.S. Preferred ETF (NYSEARCA:PFFD) Reaches New 1-Year Low – Here’s Why

Shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) reached a new 52-week low during trading on Friday . The company traded as low as $19.01 and last traded at $19.01, with a volume of 389 shares. The stock had previously closed at $19.60.

Global X U.S. Preferred ETF Price Performance

The firm has a 50-day moving average of $20.30 and a two-hundred day moving average of $20.20.

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

Large investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its stake in shares of Global X U.S. Preferred ETF by 0.7% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 121,987 shares of the company’s stock valued at $2,401,000 after acquiring an additional 826 shares during the period. Ridgewood Investments LLC acquired a new position in shares of Global X U.S. Preferred ETF during the second quarter worth about $25,000. IFG Advisory LLC boosted its position in shares of Global X U.S. Preferred ETF by 7.2% in the second quarter. IFG Advisory LLC now owns 17,533 shares of the company’s stock worth $345,000 after buying an additional 1,171 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of Global X U.S. Preferred ETF by 16.0% in the second quarter. Commonwealth Equity Services LLC now owns 85,428 shares of the company’s stock valued at $1,681,000 after buying an additional 11,765 shares in the last quarter. Finally, Advisors Management Group Inc. ADV raised its holdings in shares of Global X U.S. Preferred ETF by 41.2% during the 2nd quarter. Advisors Management Group Inc. ADV now owns 985,522 shares of the company’s stock valued at $19,395,000 after buying an additional 287,689 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.