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

Global X U.S. Preferred ETF (NYSEARCA:PFFD) shares saw an uptick in trading volume on Friday . 8,827,958 shares traded hands during trading, an increase of 1,115% from the previous session’s volume of 726,283 shares.The stock last traded at $18.41 and had previously closed at $18.64.

Global X U.S. Preferred ETF Stock Down 1.7 %

The business’s fifty day simple moving average is $19.54 and its two-hundred day simple moving average is $20.03.

Institutional Investors Weigh In On Global X U.S. Preferred ETF

A number of institutional investors have recently bought and sold shares of PFFD. Trilogy Capital Inc. raised its holdings in shares of Global X U.S. Preferred ETF by 2.8% in the 4th quarter. Trilogy Capital Inc. now owns 18,109 shares of the company’s stock worth $353,000 after buying an additional 501 shares in the last quarter. Corient Private Wealth LLC boosted its stake in shares of Global X U.S. Preferred ETF by 2.2% in the 4th quarter. Corient Private Wealth LLC now owns 28,689 shares of the company’s stock valued at $560,000 after purchasing an additional 624 shares in the last quarter. Scotia Capital Inc. grew its holdings in shares of Global X U.S. Preferred ETF by 6.2% in the 4th quarter. Scotia Capital Inc. now owns 12,590 shares of the company’s stock worth $246,000 after purchasing an additional 730 shares during the last quarter. Freestone Capital Holdings LLC grew its holdings in shares of Global X U.S. Preferred ETF by 7.7% in the 4th quarter. Freestone Capital Holdings LLC now owns 11,634 shares of the company’s stock worth $227,000 after purchasing an additional 833 shares during the last quarter. Finally, Financial Advocates Investment Management increased its position in shares of Global X U.S. Preferred ETF by 4.3% during the 4th quarter. Financial Advocates Investment Management now owns 22,812 shares of the company’s stock worth $445,000 after purchasing an additional 938 shares in the last quarter.

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.