Napa Wealth Management Purchases 10,118 Shares of Global X Variable Rate Preferred ETF (NYSEARCA:PFFV)

Napa Wealth Management boosted its position in Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) by 35.3% during the third quarter, HoldingsChannel reports. The fund owned 38,758 shares of the company’s stock after buying an additional 10,118 shares during the quarter. Napa Wealth Management’s holdings in Global X Variable Rate Preferred ETF were worth $932,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in PFFV. International Assets Investment Management LLC bought a new stake in shares of Global X Variable Rate Preferred ETF in the second quarter valued at approximately $212,000. CreativeOne Wealth LLC purchased a new stake in shares of Global X Variable Rate Preferred ETF during the first quarter worth $242,000. West Michigan Advisors LLC bought a new position in shares of Global X Variable Rate Preferred ETF in the third quarter worth $243,000. FLC Capital Advisors purchased a new position in shares of Global X Variable Rate Preferred ETF in the second quarter valued at $251,000. Finally, Integral Investment Advisors Inc. raised its stake in shares of Global X Variable Rate Preferred ETF by 33.8% during the 2nd quarter. Integral Investment Advisors Inc. now owns 13,322 shares of the company’s stock valued at $317,000 after purchasing an additional 3,368 shares during the period.

Global X Variable Rate Preferred ETF Price Performance

Shares of PFFV opened at $24.02 on Monday. Global X Variable Rate Preferred ETF has a 52-week low of $22.67 and a 52-week high of $24.48. The stock’s 50-day simple moving average is $24.09 and its 200 day simple moving average is $23.82.

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.