Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers increased its stake in shares of Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) by 34.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 48,136 shares of the company’s stock after purchasing an additional 12,410 shares during the period. Cetera Investment Advisers owned 0.37% of Global X Variable Rate Preferred ETF worth $1,139,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. raised its position in shares of Global X Variable Rate Preferred ETF by 14.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 295,339 shares of the company’s stock worth $6,988,000 after purchasing an additional 36,525 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in Global X Variable Rate Preferred ETF by 111.1% in the 1st 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 last quarter. Investment Partners Asset Management Inc. raised its holdings in Global X Variable Rate Preferred ETF by 4.9% in the 1st 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 last quarter. Princeton Global Asset Management LLC raised its holdings in Global X Variable Rate Preferred ETF by 6.1% in the 1st quarter. Princeton Global Asset Management LLC now owns 93,723 shares of the company’s stock valued at $2,217,000 after acquiring an additional 5,397 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Global X Variable Rate Preferred ETF by 2.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 83,343 shares of the company’s stock valued at $1,972,000 after acquiring an additional 1,847 shares during the last quarter.

Global X Variable Rate Preferred ETF Trading Up 0.3%

PFFV stock opened at $23.06 on Tuesday. Global X Variable Rate Preferred ETF has a 12 month low of $22.25 and a 12 month high of $24.48. The firm has a 50-day moving average of $22.96 and a two-hundred day moving average of $23.26.

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.