Global X U.S. Preferred ETF (NYSEARCA:PFFD) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) saw unusually-high trading volume on Thursday. Approximately 4,075,150 shares traded hands during trading, an increase of 414% from the average daily volume of 792,694 shares. The stock last traded at $17.0650 and had previously closed at $17.12.

Global X U.S. Preferred ETF Trading Down 0.8%

The business has a 50-day simple moving average of $17.75 and a 200-day simple moving average of $18.59.

Institutional Trading of Global X U.S. Preferred ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Orgel Wealth Management LLC raised its position in Global X U.S. Preferred ETF by 1.5% in the 3rd quarter. Orgel Wealth Management LLC now owns 6,927,424 shares of the company’s stock valued at $121,923,000 after purchasing an additional 101,232 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Global X U.S. Preferred ETF by 12.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,522,498 shares of the company’s stock valued at $47,145,000 after purchasing an additional 272,858 shares during the last quarter. Lido Advisors LLC grew its holdings in Global X U.S. Preferred ETF by 7.7% during the 1st quarter. Lido Advisors LLC now owns 1,642,883 shares of the company’s stock worth $30,229,000 after acquiring an additional 117,625 shares during the period. Cetera Investment Advisers increased its holdings in Global X U.S. Preferred ETF by 17.1% in the first quarter. Cetera Investment Advisers now owns 1,254,426 shares of the company’s stock valued at $23,081,000 after purchasing an additional 182,979 shares during the last quarter. Finally, Sei Investments Co. increased its stake in shares of Global X U.S. Preferred ETF by 12.4% in the 1st quarter. Sei Investments Co. now owns 1,116,743 shares of the company’s stock valued at $20,548,000 after acquiring an additional 123,362 shares during 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.