Global X U.S. Preferred ETF (NYSEARCA:PFFD) Sees Strong Trading Volume – Time to Buy?

Global X U.S. Preferred ETF (NYSEARCA:PFFD) saw strong trading volume on Thursday . 3,175,034 shares were traded during trading, an increase of 375% from the previous session’s volume of 668,394 shares.The stock last traded at $19.21 and had previously closed at $19.31.

Global X U.S. Preferred ETF Trading Down 0.5 %

The company has a fifty day moving average of $19.66 and a 200-day moving average of $20.09.

Institutional Trading of Global X U.S. Preferred ETF

A number of institutional investors and hedge funds have recently bought and sold shares of PFFD. Rialto Wealth Management LLC acquired a new position in shares of Global X U.S. Preferred ETF in the 4th quarter worth approximately $31,000. Heck Capital Advisors LLC acquired a new position in shares of Global X U.S. Preferred ETF in the 4th quarter valued at about $48,000. Vermillion Wealth Management Inc. bought a new stake in shares of Global X U.S. Preferred ETF during the 4th quarter valued at about $48,000. Aptus Capital Advisors LLC grew its stake in Global X U.S. Preferred ETF by 89.4% during the fourth quarter. Aptus Capital Advisors LLC now owns 2,962 shares of the company’s stock worth $58,000 after purchasing an additional 1,398 shares during the period. Finally, Angeles Wealth Management LLC bought a new stake in Global X U.S. Preferred ETF in the fourth quarter worth approximately $60,000.

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.