Global X U.S. Preferred ETF (NYSEARCA:PFFD) Hits New 52-Week High at $20.98

Global X U.S. Preferred ETF (NYSEARCA:PFFD) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $20.98 and last traded at $20.94, with a volume of 58324 shares traded. The stock had previously closed at $20.94.

Global X U.S. Preferred ETF Stock Up 0.1 %

The company has a 50 day moving average price of $20.10 and a 200-day moving average price of $19.87.

Hedge Funds Weigh In On Global X U.S. Preferred ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC lifted its stake in Global X U.S. Preferred ETF by 11.9% in the second quarter. LPL Financial LLC now owns 6,189,058 shares of the company’s stock valued at $121,801,000 after acquiring an additional 659,248 shares during the last quarter. Global X Japan Co. Ltd. increased its position in Global X U.S. Preferred ETF by 15.7% during the second quarter. Global X Japan Co. Ltd. now owns 2,428,030 shares of the company’s stock worth $47,784,000 after buying an additional 329,680 shares during the last quarter. Orgel Wealth Management LLC lifted its position in shares of Global X U.S. Preferred ETF by 9.9% in the second quarter. Orgel Wealth Management LLC now owns 2,037,722 shares of the company’s stock worth $40,102,000 after buying an additional 183,307 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Global X U.S. Preferred ETF by 12.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,180,014 shares of the company’s stock worth $23,223,000 after acquiring an additional 128,462 shares in the last quarter. Finally, Ratio Wealth Group increased its holdings in shares of Global X U.S. Preferred ETF by 12.6% during the 4th quarter. Ratio Wealth Group now owns 1,172,798 shares of the company’s stock valued at $22,752,000 after acquiring an additional 131,025 shares during the last quarter.

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.