Congress Wealth Management LLC DE Takes $376,000 Position in Global X Variable Rate Preferred ETF (NYSEARCA:PFFV)

Congress Wealth Management LLC DE purchased a new position in Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,967 shares of the company’s stock, valued at approximately $376,000. Congress Wealth Management LLC DE owned 0.15% of Global X Variable Rate Preferred ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PFFV. Ironsides Asset Advisors LLC grew its stake in Global X Variable Rate Preferred ETF by 231.4% in the 4th quarter. Ironsides Asset Advisors LLC now owns 140,837 shares of the company’s stock worth $3,320,000 after acquiring an additional 98,341 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in Global X Variable Rate Preferred ETF by 298.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 83,317 shares of the company’s stock worth $1,964,000 after purchasing an additional 62,411 shares during the period. JPMorgan Chase & Co. bought a new stake in Global X Variable Rate Preferred ETF during the 3rd quarter valued at $1,042,000. LPL Financial LLC lifted its holdings in shares of Global X Variable Rate Preferred ETF by 46.7% in the 4th quarter. LPL Financial LLC now owns 135,069 shares of the company’s stock worth $3,184,000 after buying an additional 43,003 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in shares of Global X Variable Rate Preferred ETF during the 4th quarter worth $382,000.

Global X Variable Rate Preferred ETF Stock Performance

Shares of Global X Variable Rate Preferred ETF stock opened at $23.60 on Friday. The stock’s fifty day moving average price is $23.90 and its 200-day moving average price is $23.97. Global X Variable Rate Preferred ETF has a 12 month low of $22.92 and a 12 month high of $24.48.

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.