Ironsides Asset Advisors LLC Raises Position in Global X Variable Rate Preferred ETF (NYSEARCA:PFFV)

Ironsides Asset Advisors LLC lifted its stake in shares of Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) by 231.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 140,837 shares of the company’s stock after acquiring an additional 98,341 shares during the quarter. Global X Variable Rate Preferred ETF accounts for about 1.0% of Ironsides Asset Advisors LLC’s portfolio, making the stock its 15th largest position. Ironsides Asset Advisors LLC’s holdings in Global X Variable Rate Preferred ETF were worth $3,320,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Private Trust Co. NA raised its holdings in Global X Variable Rate Preferred ETF by 95.3% in the third quarter. Private Trust Co. NA now owns 6,723 shares of the company’s stock valued at $162,000 after acquiring an additional 3,280 shares in the last quarter. Howard Wealth Management LLC acquired a new stake in shares of Global X Variable Rate Preferred ETF in the 4th quarter valued at $225,000. PUREfi Wealth LLC purchased a new stake in shares of Global X Variable Rate Preferred ETF during the 4th quarter worth $249,000. International Assets Investment Management LLC acquired a new position in shares of Global X Variable Rate Preferred ETF during the fourth quarter worth $284,000. Finally, Acorn Wealth Advisors LLC increased its holdings in Global X Variable Rate Preferred ETF by 16.5% in the third quarter. Acorn Wealth Advisors LLC now owns 12,350 shares of the company’s stock valued at $297,000 after buying an additional 1,752 shares during the last quarter.

Global X Variable Rate Preferred ETF Stock Up 0.2 %

Shares of NYSEARCA PFFV opened at $23.75 on Friday. The business has a 50-day moving average of $23.88 and a two-hundred day moving average of $23.97. Global X Variable Rate Preferred ETF has a 1 year low of $22.92 and a 1 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.