Janney Montgomery Scott LLC increased its position in Global X Variable Rate Preferred ETF (NYSEARCA:PFFV – Free Report) by 84.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 681,034 shares of the company’s stock after acquiring an additional 311,788 shares during the period. Janney Montgomery Scott LLC owned approximately 5.08% of Global X Variable Rate Preferred ETF worth $14,866,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. West Michigan Advisors LLC boosted its stake in Global X Variable Rate Preferred ETF by 2.0% during the 4th quarter. West Michigan Advisors LLC now owns 25,197 shares of the company’s stock valued at $561,000 after purchasing an additional 498 shares during the period. Osaic Holdings Inc. increased its stake in shares of Global X Variable Rate Preferred ETF by 3.7% in the second quarter. Osaic Holdings Inc. now owns 13,959 shares of the company’s stock valued at $318,000 after purchasing an additional 500 shares during the period. Centurion Wealth Management LLC raised its holdings in shares of Global X Variable Rate Preferred ETF by 3.8% during the fourth quarter. Centurion Wealth Management LLC now owns 14,260 shares of the company’s stock valued at $317,000 after buying an additional 522 shares during the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of Global X Variable Rate Preferred ETF by 2.5% during the fourth quarter. SBI Securities Co. Ltd. now owns 32,853 shares of the company’s stock valued at $730,000 after buying an additional 811 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of Global X Variable Rate Preferred ETF by 7.3% during the fourth quarter. International Assets Investment Management LLC now owns 12,765 shares of the company’s stock worth $284,000 after buying an additional 865 shares during the period.
Global X Variable Rate Preferred ETF Trading Down 0.2%
Shares of NYSEARCA PFFV opened at $21.99 on Thursday. Global X Variable Rate Preferred ETF has a 12-month low of $21.70 and a 12-month high of $23.38. The stock has a 50 day simple moving average of $22.23 and a 200-day simple moving average of $22.32.
Global X Variable Rate Preferred ETF Company Profile
The Global X Variable Rate Preferred ETF (PFFV) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks an index of variable rate US preferred securities, selected and weighted by market value. PFFV was launched on Jun 22, 2020 and is managed by Global X.
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