Texas Yale Capital Corp. Lowers Position in Global X Variable Rate Preferred ETF $PFFV

Texas Yale Capital Corp. decreased its holdings in shares of Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) by 45.9% in the 2nd quarter, Holdings Channel reports. The firm owned 10,843 shares of the company’s stock after selling 9,200 shares during the period. Texas Yale Capital Corp.’s holdings in Global X Variable Rate Preferred ETF were worth $247,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. AXS Investments LLC bought a new stake in Global X Variable Rate Preferred ETF during the first quarter valued at approximately $6,470,000. Janney Montgomery Scott LLC raised its position in shares of Global X Variable Rate Preferred ETF by 55.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 272,685 shares of the company’s stock valued at $6,217,000 after buying an additional 96,835 shares in the last quarter. Ironsides Asset Advisors LLC lifted its holdings in shares of Global X Variable Rate Preferred ETF by 61.6% during the 1st quarter. Ironsides Asset Advisors LLC now owns 227,550 shares of the company’s stock worth $5,384,000 after acquiring an additional 86,713 shares during the last quarter. Investment Partners Asset Management Inc. grew its position in Global X Variable Rate Preferred ETF by 15.0% in the second quarter. Investment Partners Asset Management Inc. now owns 191,816 shares of the company’s stock worth $4,373,000 after acquiring an additional 24,954 shares in the last quarter. Finally, LPL Financial LLC increased its stake in Global X Variable Rate Preferred ETF by 6.6% in the first quarter. LPL Financial LLC now owns 143,995 shares of the company’s stock valued at $3,407,000 after acquiring an additional 8,926 shares during the last quarter.

Global X Variable Rate Preferred ETF Stock Performance

NYSEARCA PFFV opened at $22.83 on Friday. The stock’s 50-day simple moving average is $23.07 and its two-hundred day simple moving average is $23.04. Global X Variable Rate Preferred ETF has a twelve month low of $22.25 and a twelve 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.