SeaBridge Investment Advisors LLC Makes New Investment in Global X Variable Rate Preferred ETF (NYSEARCA:PFFV)

SeaBridge Investment Advisors LLC acquired a new position in shares of Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 26,909 shares of the company’s stock, valued at approximately $764,000. SeaBridge Investment Advisors LLC owned approximately 1.86% of Global X Variable Rate Preferred ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Texas Yale Capital Corp. boosted its position in Global X Variable Rate Preferred ETF by 9.8% during the 2nd quarter. Texas Yale Capital Corp. now owns 14,165 shares of the company’s stock worth $402,000 after buying an additional 1,265 shares during the period. Firestone Capital Management lifted its holdings in shares of Global X Variable Rate Preferred ETF by 52.1% during the second quarter. Firestone Capital Management now owns 10,642 shares of the company’s stock worth $302,000 after purchasing an additional 3,644 shares during the period. Advisor Group Holdings Inc. grew its stake in shares of Global X Variable Rate Preferred ETF by 104.6% in the second quarter. Advisor Group Holdings Inc. now owns 6,143 shares of the company’s stock worth $175,000 after purchasing an additional 3,141 shares during the last quarter. GSB Wealth Management LLC acquired a new stake in Global X Variable Rate Preferred ETF in the second quarter valued at $958,000. Finally, Elmwood Wealth Management Inc. bought a new position in Global X Variable Rate Preferred ETF during the 1st quarter worth $40,000.

Shares of NYSEARCA PFFV traded down $0.06 during midday trading on Wednesday, reaching $28.10. The stock had a trading volume of 9,273 shares, compared to its average volume of 10,723. Global X Variable Rate Preferred ETF has a twelve month low of $25.57 and a twelve month high of $28.52. The company’s 50 day moving average price is $28.21 and its 200 day moving average price is $27.94.

Further Reading: Death Cross

Institutional Ownership by Quarter for Global X Variable Rate Preferred ETF (NYSEARCA:PFFV)

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