International Assets Investment Management LLC Invests $3.54 Million in Global X Variable Rate Preferred ETF (NYSEARCA:PFFV)

International Assets Investment Management LLC acquired a new position in shares of Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 152,856 shares of the company’s stock, valued at approximately $3,540,000.

Other institutional investors also recently modified their holdings of the company. Coulter & Justus Financial Services LLC grew its holdings 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 worth $819,000 after purchasing an additional 1,215 shares in the last quarter. LPL Financial LLC lifted its position in shares of Global X Variable Rate Preferred ETF by 3.1% during the 3rd quarter. LPL Financial LLC now owns 234,647 shares of the company’s stock worth $5,387,000 after buying an additional 7,054 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of Global X Variable Rate Preferred ETF during the 3rd quarter worth approximately $6,720,000. Columbus Macro LLC bought a new position in shares of Global X Variable Rate Preferred ETF during the 4th quarter worth approximately $2,368,000. Finally, RVW Wealth LLC bought a new position in shares of Global X Variable Rate Preferred ETF during the 3rd quarter worth approximately $87,000.

Global X Variable Rate Preferred ETF Stock Performance

Global X Variable Rate Preferred ETF stock opened at $23.17 on Thursday. Global X Variable Rate Preferred ETF has a one year low of $20.80 and a one year high of $23.98. The business has a 50 day simple moving average of $23.59 and a 200 day simple moving average of $23.19.

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.