Global X U.S. Preferred ETF (NYSEARCA:PFFD) Sees Unusually-High Trading Volume – Should You Buy?

Global X U.S. Preferred ETF (NYSEARCA:PFFD) shares saw strong trading volume on Monday . 967,593 shares changed hands during mid-day trading, an increase of 25% from the previous session’s volume of 772,783 shares.The stock last traded at $19.16 and had previously closed at $19.26.

Global X U.S. Preferred ETF Price Performance

The stock has a 50 day moving average price of $20.09 and a 200-day moving average price of $20.20.

Institutional Trading of Global X U.S. Preferred ETF

Institutional investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its stake in Global X U.S. Preferred ETF by 11.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 27,063 shares of the company’s stock worth $562,000 after buying an additional 2,676 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Global X U.S. Preferred ETF by 19.3% in the 3rd quarter. Stifel Financial Corp now owns 21,285 shares of the company’s stock valued at $442,000 after purchasing an additional 3,437 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Global X U.S. Preferred ETF by 3,623.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,085 shares of the company’s stock valued at $43,000 after purchasing an additional 2,029 shares during the last quarter. Full Sail Capital LLC lifted its stake in shares of Global X U.S. Preferred ETF by 7.9% in the 2nd quarter. Full Sail Capital LLC now owns 1,059,788 shares of the company’s stock valued at $20,857,000 after purchasing an additional 77,267 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Global X U.S. Preferred ETF by 822.5% in the 3rd quarter. Blue Trust Inc. now owns 2,500 shares of the company’s stock valued at $49,000 after purchasing an additional 2,229 shares during the last quarter.

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.