Global X U.S. Preferred ETF (NYSEARCA:PFFD) Sees Strong Trading Volume – Here’s What Happened

Global X U.S. Preferred ETF (NYSEARCA:PFFD) saw an uptick in trading volume on Monday . Approximately 967,593 shares changed hands during trading, an increase of 25% from the previous session’s volume of 772,783 shares.The stock last traded at $19.16 and had previously closed at $19.26.

Global X U.S. Preferred ETF Stock Performance

The business’s 50-day simple moving average is $20.03 and its two-hundred day simple moving average is $20.19.

Institutional Trading of Global X U.S. Preferred ETF

Institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its stake in Global X U.S. Preferred ETF by 3,623.2% during the third 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 in the last quarter. Blue Trust Inc. raised its holdings in shares of Global X U.S. Preferred ETF by 822.5% in the 3rd quarter. Blue Trust Inc. now owns 2,500 shares of the company’s stock valued at $49,000 after buying an additional 2,229 shares during the period. Future Financial Wealth Managment LLC acquired a new position in Global X U.S. Preferred ETF during the 3rd quarter worth about $131,000. Jacobsen Capital Management acquired a new position in Global X U.S. Preferred ETF during the 3rd quarter worth about $203,000. Finally, L.M. Kohn & Company purchased a new position in Global X U.S. Preferred ETF during the 3rd quarter valued at about $209,000.

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.