Cambridge Investment Research Advisors Inc. Buys Shares of 48,043 Global X Variable Rate Preferred ETF (NYSEARCA:PFFV)

Cambridge Investment Research Advisors Inc. purchased a new position in shares of Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 48,043 shares of the company’s stock, valued at approximately $1,136,000. Cambridge Investment Research Advisors Inc. owned approximately 0.46% of Global X Variable Rate Preferred ETF as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in PFFV. International Assets Investment Management LLC bought a new position in Global X Variable Rate Preferred ETF in the 4th quarter worth $3,540,000. Janney Montgomery Scott LLC increased its stake in shares of Global X Variable Rate Preferred ETF by 28.1% in the first quarter. Janney Montgomery Scott LLC now owns 385,656 shares of the company’s stock worth $9,132,000 after purchasing an additional 84,582 shares during the period. Ironsides Asset Advisors LLC lifted its position in shares of Global X Variable Rate Preferred ETF by 311.6% during the 1st quarter. Ironsides Asset Advisors LLC now owns 50,236 shares of the company’s stock worth $1,190,000 after purchasing an additional 38,030 shares during the last quarter. Cetera Advisors LLC boosted its stake in Global X Variable Rate Preferred ETF by 366.8% during the 1st quarter. Cetera Advisors LLC now owns 41,989 shares of the company’s stock valued at $994,000 after purchasing an additional 32,993 shares during the period. Finally, Investment Partners Asset Management Inc. grew its holdings in 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 valued at $3,428,000 after buying an additional 11,307 shares during the last quarter.

Global X Variable Rate Preferred ETF Stock Up 0.3 %

Shares of NYSEARCA PFFV opened at $23.79 on Friday. Global X Variable Rate Preferred ETF has a 12 month low of $21.76 and a 12 month high of $23.98. The business’s 50 day moving average is $23.69 and its two-hundred day moving average is $23.62.

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.