Global X U.S. Preferred ETF (NYSEARCA:PFFD) Hits New 52-Week Low – Here’s What Happened

Global X U.S. Preferred ETF (NYSEARCA:PFFD)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $17.84 and last traded at $17.91, with a volume of 1117418 shares. The stock had previously closed at $17.96.

Global X U.S. Preferred ETF Trading Up 0.6%

The company’s 50-day simple moving average is $18.41 and its 200 day simple moving average is $18.66.

Institutional Investors Weigh In On Global X U.S. Preferred ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Plimoth Trust Co. LLC grew its stake in shares of Global X U.S. Preferred ETF by 1.1% during the second quarter. Plimoth Trust Co. LLC now owns 70,279 shares of the company’s stock worth $1,314,000 after purchasing an additional 741 shares in the last quarter. Alteri Wealth LLC lifted its position in shares of Global X U.S. Preferred ETF by 1.5% during the 4th quarter. Alteri Wealth LLC now owns 53,454 shares of the company’s stock worth $1,011,000 after buying an additional 774 shares during the last quarter. American Institute for Advanced Investment Management LLP lifted its position in shares of Global X U.S. Preferred ETF by 2.4% during the 1st quarter. American Institute for Advanced Investment Management LLP now owns 37,448 shares of the company’s stock worth $689,000 after buying an additional 865 shares during the last quarter. Harbour Investments Inc. boosted its holdings in shares of Global X U.S. Preferred ETF by 17.2% in the 4th quarter. Harbour Investments Inc. now owns 6,682 shares of the company’s stock valued at $126,000 after buying an additional 981 shares in the last quarter. Finally, MSH Capital Advisors LLC grew its position in shares of Global X U.S. Preferred ETF by 4.1% in the 4th quarter. MSH Capital Advisors LLC now owns 28,927 shares of the company’s stock valued at $547,000 after buying an additional 1,136 shares during the last quarter.

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.