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 strong trading volume on Friday . 8,827,958 shares were traded 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 Trading Down 1.7 %

The stock’s 50-day simple moving average is $19.54 and its 200 day simple moving average is $20.03.

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

Institutional investors have recently made changes to their positions in the company. Rialto Wealth Management LLC acquired a new position in shares of Global X U.S. Preferred ETF in the fourth quarter valued at about $31,000. Heck Capital Advisors LLC bought a new position in shares of Global X U.S. Preferred ETF during the fourth quarter worth approximately $48,000. Vermillion Wealth Management Inc. acquired a new stake in shares of Global X U.S. Preferred ETF in the fourth quarter valued at approximately $48,000. Aptus Capital Advisors LLC boosted its stake in shares of Global X U.S. Preferred ETF by 89.4% in the fourth quarter. Aptus Capital Advisors LLC now owns 2,962 shares of the company’s stock valued at $58,000 after buying an additional 1,398 shares during the period. Finally, Angeles Wealth Management LLC bought a new stake in shares of Global X U.S. Preferred ETF in the fourth quarter valued at 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.