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

Global X U.S. Preferred ETF (NYSEARCA:PFFDGet Free Report) shares saw unusually-strong trading volume on Monday . Approximately 2,732,412 shares traded hands during mid-day trading, an increase of 310% from the previous session’s volume of 666,734 shares.The stock last traded at $20.63 and had previously closed at $20.76.

Global X U.S. Preferred ETF Stock Down 0.8 %

The business’s 50 day moving average is $20.67 and its 200-day moving average is $20.07.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Ridgewood Investments LLC purchased a new position in shares of Global X U.S. Preferred ETF during the 2nd quarter worth $25,000. Farther Finance Advisors LLC increased its position in shares of Global X U.S. Preferred ETF by 3,623.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,085 shares of the company’s stock worth $43,000 after purchasing an additional 2,029 shares during the last quarter. Blue Trust Inc. increased its position in shares of Global X U.S. Preferred ETF by 822.5% during the 3rd quarter. Blue Trust Inc. now owns 2,500 shares of the company’s stock worth $49,000 after purchasing an additional 2,229 shares during the last quarter. New Millennium Group LLC acquired a new stake in shares of Global X U.S. Preferred ETF during the 2nd quarter worth about $51,000. Finally, First Horizon Advisors Inc. increased its position in shares of Global X U.S. Preferred ETF by 32.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,683 shares of the company’s stock worth $53,000 after purchasing an additional 650 shares during the last quarter.

About Global X U.S. Preferred ETF

(Get Free Report)

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.

Further Reading

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