APS Management Group Inc. Purchases New Position in Global X Variable Rate Preferred ETF $PFFV

APS Management Group Inc. acquired a new position in shares of Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 81,343 shares of the company’s stock, valued at approximately $1,881,000. Global X Variable Rate Preferred ETF comprises about 1.3% of APS Management Group Inc.’s holdings, making the stock its 17th biggest holding. APS Management Group Inc. owned approximately 0.59% of Global X Variable Rate Preferred ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently 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 approximately $29,000. Ameritas Advisory Services LLC bought a new position in Global X Variable Rate Preferred ETF in the 2nd quarter valued at $41,000. Blue Trust Inc. acquired a new position in Global X Variable Rate Preferred ETF in the second quarter worth $78,000. Centurion Wealth Management LLC bought a new stake in shares of Global X Variable Rate Preferred ETF during the third quarter worth $318,000. Finally, Osaic Holdings Inc. grew its holdings in shares of Global X Variable Rate Preferred ETF by 3.7% during the second quarter. Osaic Holdings Inc. now owns 13,959 shares of the company’s stock worth $318,000 after purchasing an additional 500 shares during the last quarter.

Global X Variable Rate Preferred ETF Stock Performance

Shares of NYSEARCA:PFFV opened at $22.43 on Wednesday. The business has a fifty day moving average of $22.58 and a 200-day moving average of $22.90. Global X Variable Rate Preferred ETF has a twelve month low of $22.22 and a twelve month high of $24.16.

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.