Cambridge Investment Research Advisors Inc. Buys 36,525 Shares of Global X Variable Rate Preferred ETF (NYSEARCA:PFFV)

Cambridge Investment Research Advisors Inc. raised its stake in Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) by 14.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 295,339 shares of the company’s stock after purchasing an additional 36,525 shares during the period. Cambridge Investment Research Advisors Inc. owned 2.28% of Global X Variable Rate Preferred ETF worth $6,988,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Comprehensive Money Management Services LLC grew its stake in shares of Global X Variable Rate Preferred ETF by 2.2% in the 1st quarter. Comprehensive Money Management Services LLC now owns 61,813 shares of the company’s stock valued at $1,462,000 after buying an additional 1,350 shares during the period. Janney Montgomery Scott LLC grew its stake in Global X Variable Rate Preferred ETF by 111.1% in the first quarter. Janney Montgomery Scott LLC now owns 175,850 shares of the company’s stock valued at $4,161,000 after acquiring an additional 92,533 shares during the period. Investment Partners Asset Management Inc. grew its stake in Global X Variable Rate Preferred ETF by 4.9% in the first quarter. Investment Partners Asset Management Inc. now owns 166,862 shares of the company’s stock valued at $3,948,000 after acquiring an additional 7,832 shares during the period. Integral Investment Advisors Inc. increased its holdings in shares of Global X Variable Rate Preferred ETF by 20.3% during the first quarter. Integral Investment Advisors Inc. now owns 50,557 shares of the company’s stock valued at $1,196,000 after acquiring an additional 8,537 shares in the last quarter. Finally, Princeton Global Asset Management LLC raised its position in shares of Global X Variable Rate Preferred ETF by 6.1% during the first quarter. Princeton Global Asset Management LLC now owns 93,723 shares of the company’s stock worth $2,217,000 after purchasing an additional 5,397 shares during the period.

Global X Variable Rate Preferred ETF Trading Up 0.2%

Shares of PFFV opened at $23.02 on Friday. The business’s fifty day moving average is $22.98 and its 200 day moving average is $23.45. Global X Variable Rate Preferred ETF has a 12-month low of $22.25 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.