Global X Variable Rate Preferred ETF $PFFV Holdings Raised by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its stake in Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) by 84.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 681,034 shares of the company’s stock after buying an additional 311,788 shares during the quarter. Janney Montgomery Scott LLC owned about 0.05% of Global X Variable Rate Preferred ETF worth $14,866,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ironsides Asset Advisors LLC increased its stake in Global X Variable Rate Preferred ETF by 26.3% during the 3rd quarter. Ironsides Asset Advisors LLC now owns 287,455 shares of the company’s stock valued at $6,646,000 after buying an additional 59,802 shares during the period. LPL Financial LLC boosted its holdings in shares of Global X Variable Rate Preferred ETF by 11.6% in the fourth quarter. LPL Financial LLC now owns 261,711 shares of the company’s stock valued at $5,815,000 after acquiring an additional 27,287 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Global X Variable Rate Preferred ETF by 7.0% in the second quarter. Bank of America Corp DE now owns 257,112 shares of the company’s stock valued at $5,862,000 after acquiring an additional 16,712 shares in the last quarter. Investment Partners Asset Management Inc. increased its stake in shares of Global X Variable Rate Preferred ETF by 12.0% during the fourth quarter. Investment Partners Asset Management Inc. now owns 234,301 shares of the company’s stock valued at $5,206,000 after acquiring an additional 25,180 shares during the period. Finally, Leslie Global Wealth LLC increased its stake in shares of Global X Variable Rate Preferred ETF by 7.1% during the fourth quarter. Leslie Global Wealth LLC now owns 169,352 shares of the company’s stock valued at $3,763,000 after acquiring an additional 11,272 shares during the period.

Global X Variable Rate Preferred ETF Price Performance

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’s 50 day moving average price is $22.23 and its 200 day moving average price is $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.