Global X U.S. Preferred ETF (NYSEARCA:PFFD) Hits New 1-Year High at $20.69

Shares of Global X U.S. Preferred ETF (NYSEARCA:PFFDGet Free Report) hit a new 52-week high on Monday . The company traded as high as $20.69 and last traded at $20.68, with a volume of 41990 shares. The stock had previously closed at $20.65.

Global X U.S. Preferred ETF Price Performance

The company has a 50-day simple moving average of $20.01 and a 200-day simple moving average of $19.85.

Institutional Trading of Global X U.S. Preferred ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC purchased a new stake in shares of Global X U.S. Preferred ETF during the 2nd quarter worth approximately $432,000. Cetera Investment Advisers raised its stake in Global X U.S. Preferred ETF by 30.2% in the 2nd quarter. Cetera Investment Advisers now owns 559,222 shares of the company’s stock valued at $11,005,000 after purchasing an additional 129,798 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Global X U.S. Preferred ETF by 4.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 42,041 shares of the company’s stock valued at $827,000 after buying an additional 1,735 shares during the last quarter. NewEdge Advisors LLC boosted its position in Global X U.S. Preferred ETF by 20.2% during the second quarter. NewEdge Advisors LLC now owns 69,766 shares of the company’s stock worth $1,373,000 after acquiring an additional 11,712 shares during the last quarter. Finally, Full Sail Capital LLC lifted its stake in shares of Global X U.S. Preferred ETF by 7.9% during the 2nd quarter. Full Sail Capital LLC now owns 1,059,788 shares of the company’s stock worth $20,857,000 after purchasing an additional 77,267 shares during the period.

About Global X U.S. Preferred ETF

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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.

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