Global X U.S. Preferred ETF (NYSEARCA:PFFD) Sees Large Volume Increase – What’s Next?

Shares of Global X U.S. Preferred ETF (NYSEARCA:PFFD) saw unusually-strong trading volume on Monday . Approximately 2,732,412 shares changed hands during trading, an increase of 310% from the previous session’s volume of 666,734 shares.The stock last traded at $20.63 and had previously closed at $20.76.

Global X U.S. Preferred ETF Stock Performance

The business has a 50-day moving average price of $20.68 and a two-hundred day moving average price of $20.08.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC increased its holdings in Global X U.S. Preferred ETF by 15.4% in the third quarter. LPL Financial LLC now owns 7,139,593 shares of the company’s stock valued at $148,361,000 after purchasing an additional 950,535 shares during the last quarter. Global X Japan Co. Ltd. increased its holdings in shares of Global X U.S. Preferred ETF by 11.2% in the third quarter. Global X Japan Co. Ltd. now owns 2,699,498 shares of the company’s stock worth $56,096,000 after acquiring an additional 271,468 shares in the last quarter. Orgel Wealth Management LLC increased its holdings in shares of Global X U.S. Preferred ETF by 9.6% in the third quarter. Orgel Wealth Management LLC now owns 2,233,236 shares of the company’s stock worth $46,407,000 after acquiring an additional 195,514 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Global X U.S. Preferred ETF by 13.4% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 1,192,082 shares of the company’s stock worth $24,771,000 after acquiring an additional 140,769 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Global X U.S. Preferred ETF by 12.2% in the second 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.

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.