Global X SuperIncome Preferred ETF (NYSEARCA:SPFF – Get Free Report)’s stock price traded down 0.5% during mid-day trading on Monday. The company traded as low as $9.04 and last traded at $9.05. Approximately 53,787 shares changed hands during mid-day trading, an increase of 12% from the average session volume of 48,065 shares. The stock had previously closed at $9.10.
Global X SuperIncome Preferred ETF Stock Performance
The firm’s 50-day simple moving average is $9.35 and its 200 day simple moving average is $9.34.
Hedge Funds Weigh In On Global X SuperIncome Preferred ETF
A number of institutional investors have recently modified their holdings of SPFF. Envestnet Asset Management Inc. lifted its stake in shares of Global X SuperIncome Preferred ETF by 13.1% in the second quarter. Envestnet Asset Management Inc. now owns 158,142 shares of the company’s stock worth $1,483,000 after acquiring an additional 18,326 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Global X SuperIncome Preferred ETF by 72.4% during the 2nd quarter. NewEdge Advisors LLC now owns 68,723 shares of the company’s stock worth $644,000 after buying an additional 28,865 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Global X SuperIncome Preferred ETF by 9.4% during the 1st quarter. Bank of America Corp DE now owns 214,622 shares of the company’s stock valued at $1,908,000 after acquiring an additional 18,508 shares during the period. Sei Investments Co. grew its holdings in Global X SuperIncome Preferred ETF by 26.8% in the first quarter. Sei Investments Co. now owns 50,148 shares of the company’s stock worth $446,000 after purchasing an additional 10,614 shares during the period. Finally, Fifth Third Bancorp acquired a new position in shares of Global X SuperIncome Preferred ETF during the first quarter valued at about $44,000.
About Global X SuperIncome Preferred ETF
The Global X SuperIncome Preferred ETF (SPFF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market-value-weighted index of 50 of the highest-yielding preferred securities that are traded in the US and Canada. SPFF was launched on Jul 17, 2012 and is managed by Global X.
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