Global X U.S. Preferred ETF (NYSEARCA:PFFD) Sets New 1-Year Low – Should You Sell?

Global X U.S. Preferred ETF (NYSEARCA:PFFD)’s stock price reached a new 52-week low during mid-day trading on Monday. The company traded as low as $17.09 and last traded at $17.1050, with a volume of 681,668 shares traded. The stock had previously closed at $17.16.

Global X U.S. Preferred ETF Stock Performance

The business has a 50-day moving average price of $17.88 and a 200 day moving average price of $18.46.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Plimoth Trust Co. LLC increased its position in shares of Global X U.S. Preferred ETF by 2.2% in the third quarter. Plimoth Trust Co. LLC now owns 71,849 shares of the company’s stock worth $1,265,000 after purchasing an additional 1,570 shares during the last quarter. Sigma Planning Corp bought a new stake in Global X U.S. Preferred ETF during the third quarter valued at approximately $181,000. Citizens Financial Group Inc. RI purchased a new position in Global X U.S. Preferred ETF in the 3rd quarter worth approximately $356,000. Madrona Financial Services LLC purchased a new position in Global X U.S. Preferred ETF in the 3rd quarter worth approximately $221,000. Finally, NBT Bank N.A. purchased a new position in Global X U.S. Preferred ETF in the 3rd quarter worth approximately $176,000.

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.