Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) Shares Sold by Belpointe Asset Management LLC

Belpointe Asset Management LLC lessened its position in shares of Global X Variable Rate Preferred ETF (NYSEARCA:PFFV – Get Rating) by 71.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,348 shares of the company’s stock after selling 26,208 shares during the quarter. Belpointe Asset Management LLC owned approximately 0.08% of Global X Variable Rate Preferred ETF worth $233,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Creative Financial Designs Inc. ADV raised its stake in Global X Variable Rate Preferred ETF by 75.5% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,332 shares of the company’s stock worth $31,000 after purchasing an additional 573 shares during the period. UBS Group AG grew its position in shares of Global X Variable Rate Preferred ETF by 231.0% in the 1st quarter. UBS Group AG now owns 2,400 shares of the company’s stock valued at $63,000 after buying an additional 1,675 shares during the last quarter. Private Trust Co. NA purchased a new position in shares of Global X Variable Rate Preferred ETF in the 4th quarter valued at $72,000. OLD Mission Capital LLC purchased a new position in shares of Global X Variable Rate Preferred ETF in the 3rd quarter valued at $231,000. Finally, Private Advisor Group LLC grew its position in shares of Global X Variable Rate Preferred ETF by 11.2% in the 1st quarter. Private Advisor Group LLC now owns 9,351 shares of the company’s stock valued at $244,000 after buying an additional 945 shares during the last quarter.

Global X Variable Rate Preferred ETF Trading Up 0.3 %

Shares of NYSEARCA:PFFV opened at $21.50 on Tuesday. The firm has a fifty day moving average price of $22.39 and a 200 day moving average price of $23.11. Global X Variable Rate Preferred ETF has a 1-year low of $20.80 and a 1-year high of $25.42.

Global X Variable Rate Preferred ETF Company Profile

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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.