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

Global X U.S. Preferred ETF (NYSEARCA:PFFD) saw unusually-strong trading volume on Monday . Approximately 967,593 shares traded hands during mid-day trading, an increase of 25% from the previous session’s volume of 772,783 shares.The stock last traded at $19.16 and had previously closed at $19.26.

Global X U.S. Preferred ETF Stock Down 0.5 %

The company has a fifty day moving average of $20.09 and a 200-day moving average of $20.20.

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

Several large investors have recently bought and sold shares of PFFD. Farther Finance Advisors LLC boosted its position in shares of Global X U.S. Preferred ETF by 3,623.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,085 shares of the company’s stock worth $43,000 after acquiring an additional 2,029 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Global X U.S. Preferred ETF by 822.5% during the 3rd quarter. Blue Trust Inc. now owns 2,500 shares of the company’s stock worth $49,000 after acquiring an additional 2,229 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Global X U.S. Preferred ETF during the 3rd quarter worth about $131,000. Jacobsen Capital Management acquired a new position in shares of Global X U.S. Preferred ETF during the 3rd quarter worth about $203,000. Finally, L.M. Kohn & Company acquired a new position in shares of Global X U.S. Preferred ETF during the 3rd quarter worth about $209,000.

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.