International Assets Investment Management LLC Takes Position in Global X Variable Rate Preferred ETF (NYSEARCA:PFFV)

International Assets Investment Management LLC bought a new stake in shares of Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 152,856 shares of the company’s stock, valued at approximately $3,540,000. International Assets Investment Management LLC owned about 1.57% of Global X Variable Rate Preferred ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Harbour Investments Inc. boosted its stake in shares of Global X Variable Rate Preferred ETF by 6.2% during the 2nd quarter. Harbour Investments Inc. now owns 7,910 shares of the company’s stock valued at $177,000 after buying an additional 465 shares during the last quarter. Private Advisor Group LLC raised its position in shares of Global X Variable Rate Preferred ETF by 11.2% during the 1st quarter. Private Advisor Group LLC now owns 9,351 shares of the company’s stock valued at $244,000 after acquiring an additional 945 shares in the last quarter. Coulter & Justus Financial Services LLC raised its position in shares of Global X Variable Rate Preferred ETF by 3.5% during the 3rd quarter. Coulter & Justus Financial Services LLC now owns 35,663 shares of the company’s stock valued at $819,000 after acquiring an additional 1,215 shares in the last quarter. UBS Group AG raised its position in shares of Global X Variable Rate Preferred ETF by 168.1% during the 4th quarter. UBS Group AG now owns 1,973 shares of the company’s stock valued at $44,000 after acquiring an additional 1,237 shares in the last quarter. Finally, Paulson Wealth Management Inc. raised its position in shares of Global X Variable Rate Preferred ETF by 1.5% during the 3rd quarter. Paulson Wealth Management Inc. now owns 87,167 shares of the company’s stock valued at $2,001,000 after acquiring an additional 1,319 shares in the last quarter.

Global X Variable Rate Preferred ETF Price Performance

PFFV stock opened at $23.17 on Thursday. Global X Variable Rate Preferred ETF has a 12-month low of $20.80 and a 12-month high of $23.98. The stock’s 50 day simple moving average is $23.59 and its 200 day simple moving average is $23.19.

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.