Global X U.S. Preferred ETF (NYSEARCA:PFFD – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $19.04 and last traded at $19.07, with a volume of 853829 shares trading hands. The stock had previously closed at $19.13.
Global X U.S. Preferred ETF Trading Down 0.5 %
The stock’s 50-day moving average is $19.62 and its 200-day moving average is $20.07.
Institutional Investors Weigh In On Global X U.S. Preferred ETF
A number of institutional investors have recently modified their holdings of the company. LPL Financial LLC increased its position in Global X U.S. Preferred ETF by 14.9% in the 4th quarter. LPL Financial LLC now owns 8,201,933 shares of the company’s stock valued at $160,020,000 after buying an additional 1,062,340 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Global X U.S. Preferred ETF in the fourth quarter valued at approximately $19,537,000. Bank of America Corp DE increased its holdings in shares of Global X U.S. Preferred ETF by 15.0% during the fourth quarter. Bank of America Corp DE now owns 6,177,018 shares of the company’s stock valued at $120,514,000 after acquiring an additional 804,185 shares in the last quarter. Independent Advisor Alliance acquired a new position in shares of Global X U.S. Preferred ETF during the fourth quarter worth approximately $6,698,000. Finally, Modern Wealth Management LLC raised its position in shares of Global X U.S. Preferred ETF by 98.3% during the fourth quarter. Modern Wealth Management LLC now owns 636,103 shares of the company’s stock worth $12,538,000 after purchasing an additional 315,346 shares during the period.
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.
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