Bedel Financial Consulting Inc. Has $4.18 Million Stock Position in Global X Variable Rate Preferred ETF $PFFV

Bedel Financial Consulting Inc. reduced its stake in Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) by 13.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 188,064 shares of the company’s stock after selling 28,867 shares during the quarter. Bedel Financial Consulting Inc. owned about 1.42% of Global X Variable Rate Preferred ETF worth $4,179,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PFFV. Columbus Macro LLC acquired a new position in shares of Global X Variable Rate Preferred ETF during the 3rd quarter valued at $10,162,000. APS Management Group Inc. acquired a new position in shares of Global X Variable Rate Preferred ETF during the 3rd quarter valued at $1,881,000. Ironsides Asset Advisors LLC lifted its position in shares of Global X Variable Rate Preferred ETF by 26.3% during the 3rd quarter. Ironsides Asset Advisors LLC now owns 287,455 shares of the company’s stock valued at $6,646,000 after acquiring an additional 59,802 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Global X Variable Rate Preferred ETF by 531.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 519,963 shares of the company’s stock valued at $12,022,000 after acquiring an additional 437,637 shares during the period. Finally, Investment Partners Asset Management Inc. lifted its position in shares of Global X Variable Rate Preferred ETF by 12.0% during the 4th quarter. Investment Partners Asset Management Inc. now owns 234,301 shares of the company’s stock valued at $5,206,000 after acquiring an additional 25,180 shares during the period.

Global X Variable Rate Preferred ETF Stock Down 0.3%

Shares of NYSEARCA:PFFV opened at $22.21 on Wednesday. Global X Variable Rate Preferred ETF has a twelve month low of $21.70 and a twelve month high of $23.38. The stock’s 50 day moving average is $22.24 and its 200-day moving average is $22.50.

About Global X Variable Rate Preferred ETF

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.