Global X U.S. Preferred ETF (NYSEARCA:PFFD) Sees Large Volume Increase – What’s Next?

Global X U.S. Preferred ETF (NYSEARCA:PFFD) saw strong trading volume on Thursday. 4,075,150 shares changed hands during mid-day trading, an increase of 414% from the average daily volume of 792,694 shares. The stock last traded at $17.0650 and had previously closed at $17.12.

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

The firm has a fifty day simple moving average of $17.81 and a 200-day simple moving average of $18.62.

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

A number of institutional investors and hedge funds have recently modified their holdings of the company. MeadowBrook Investment Advisors LLC acquired a new stake in shares of Global X U.S. Preferred ETF in the third quarter valued at approximately $79,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Global X U.S. Preferred ETF in the 3rd quarter worth $616,000. Unison Advisors LLC raised its holdings in Global X U.S. Preferred ETF by 5.1% in the third quarter. Unison Advisors LLC now owns 79,655 shares of the company’s stock valued at $1,402,000 after buying an additional 3,847 shares during the period. Conning Inc. acquired a new position in shares of Global X U.S. Preferred ETF during the 3rd quarter valued at $10,212,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Global X U.S. Preferred ETF in the third quarter worth about $226,000.

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.