West Michigan Advisors LLC increased its stake in shares of Global X Variable Rate Preferred ETF (NYSEARCA:PFFV – Free Report) by 136.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 23,854 shares of the company’s stock after purchasing an additional 13,755 shares during the period. West Michigan Advisors LLC’s holdings in Global X Variable Rate Preferred ETF were worth $564,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Private Trust Co. NA lifted its position in Global X Variable Rate Preferred ETF by 95.3% during the 3rd quarter. Private Trust Co. NA now owns 6,723 shares of the company’s stock worth $162,000 after acquiring an additional 3,280 shares in the last quarter. Howard Wealth Management LLC acquired a new position in Global X Variable Rate Preferred ETF during the 4th quarter worth approximately $225,000. PUREfi Wealth LLC acquired a new position in Global X Variable Rate Preferred ETF during the 4th quarter worth approximately $249,000. International Assets Investment Management LLC acquired a new position in Global X Variable Rate Preferred ETF during the 4th quarter worth approximately $284,000. Finally, Acorn Wealth Advisors LLC lifted its position in Global X Variable Rate Preferred ETF by 16.5% during the 3rd quarter. Acorn Wealth Advisors LLC now owns 12,350 shares of the company’s stock worth $297,000 after acquiring an additional 1,752 shares in the last quarter.
Global X Variable Rate Preferred ETF Price Performance
Global X Variable Rate Preferred ETF stock opened at $24.07 on Friday. The stock’s 50 day moving average price is $23.87 and its 200 day moving average price is $23.97. Global X Variable Rate Preferred ETF has a one year low of $22.92 and a one year high of $24.48.
Global X Variable Rate Preferred ETF 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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Want to see what other hedge funds are holding PFFV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global X Variable Rate Preferred ETF (NYSEARCA:PFFV – Free Report).
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