Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) Shares Acquired by Acorn Wealth Advisors LLC

Acorn Wealth Advisors LLC raised its stake in shares of Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) by 16.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,350 shares of the company’s stock after buying an additional 1,752 shares during the period. Acorn Wealth Advisors LLC owned approximately 0.12% of Global X Variable Rate Preferred ETF worth $297,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Comerica Bank boosted its stake in Global X Variable Rate Preferred ETF by 9.0% during the first quarter. Comerica Bank now owns 28,762 shares of the company’s stock valued at $681,000 after buying an additional 2,372 shares in the last quarter. Cetera Advisors LLC grew its stake in shares of Global X Variable Rate Preferred ETF by 366.8% in the 1st quarter. Cetera Advisors LLC now owns 41,989 shares of the company’s stock worth $994,000 after purchasing an additional 32,993 shares during the last quarter. Investment Partners Asset Management Inc. raised its holdings in shares of Global X Variable Rate Preferred ETF by 8.5% in the 2nd quarter. Investment Partners Asset Management Inc. now owns 144,961 shares of the company’s stock worth $3,428,000 after purchasing an additional 11,307 shares in the last quarter. FLC Capital Advisors acquired a new stake in Global X Variable Rate Preferred ETF during the second quarter valued at approximately $251,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in Global X Variable Rate Preferred ETF during the second quarter worth approximately $1,136,000.

Global X Variable Rate Preferred ETF Stock Performance

Global X Variable Rate Preferred ETF stock opened at $24.12 on Tuesday. Global X Variable Rate Preferred ETF has a 1 year low of $22.74 and a 1 year high of $24.48. The firm’s 50 day moving average price is $24.09 and its two-hundred day moving average price is $23.84.

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.