Global X Variable Rate Preferred ETF $PFFV Shares Acquired by Princeton Global Asset Management LLC

Princeton Global Asset Management LLC increased its stake in Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) by 1.0% during the second quarter, HoldingsChannel.com reports. The fund owned 94,638 shares of the company’s stock after buying an additional 915 shares during the period. Princeton Global Asset Management LLC’s holdings in Global X Variable Rate Preferred ETF were worth $2,158,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PFFV. IFP Advisors Inc acquired a new position in shares of Global X Variable Rate Preferred ETF in the 2nd quarter worth $29,000. Ameritas Advisory Services LLC acquired a new position in shares of Global X Variable Rate Preferred ETF in the 2nd quarter worth $41,000. North Capital Inc. acquired a new position in shares of Global X Variable Rate Preferred ETF in the 1st quarter worth $44,000. Blue Trust Inc. acquired a new position in shares of Global X Variable Rate Preferred ETF in the 2nd quarter worth $78,000. Finally, Apollon Wealth Management LLC acquired a new position in shares of Global X Variable Rate Preferred ETF in the 1st quarter worth $201,000.

Global X Variable Rate Preferred ETF Stock Performance

Shares of NYSEARCA PFFV opened at $22.87 on Monday. The stock’s fifty day simple moving average is $23.15 and its 200 day simple moving average is $23.02. Global X Variable Rate Preferred ETF has a 52-week low of $22.25 and a 52-week 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.