SBI Securities Co. Ltd. Invests $382,000 in Global X Variable Rate Preferred ETF (NYSEARCA:PFFV)

SBI Securities Co. Ltd. bought a new stake in Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 16,186 shares of the company’s stock, valued at approximately $382,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Leslie Global Wealth LLC increased its position in Global X Variable Rate Preferred ETF by 6.6% in the 3rd quarter. Leslie Global Wealth LLC now owns 202,006 shares of the company’s stock valued at $4,858,000 after buying an additional 12,559 shares in the last quarter. Investment Partners Asset Management Inc. boosted its stake in Global X Variable Rate Preferred ETF by 4.4% during the 4th quarter. Investment Partners Asset Management Inc. now owns 159,030 shares of the company’s stock valued at $3,749,000 after purchasing an additional 6,737 shares during the last quarter. Princeton Global Asset Management LLC boosted its stake in Global X Variable Rate Preferred ETF by 0.7% during the 4th quarter. Princeton Global Asset Management LLC now owns 88,326 shares of the company’s stock valued at $2,082,000 after purchasing an additional 579 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Global X Variable Rate Preferred ETF by 298.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 83,317 shares of the company’s stock valued at $1,964,000 after purchasing an additional 62,411 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in Global X Variable Rate Preferred ETF by 6.4% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 56,436 shares of the company’s stock valued at $1,357,000 after purchasing an additional 3,388 shares during the last quarter.

Global X Variable Rate Preferred ETF Trading Down 0.3 %

PFFV stock opened at $23.92 on Wednesday. Global X Variable Rate Preferred ETF has a 52-week low of $22.92 and a 52-week high of $24.48. The business has a 50-day simple moving average of $23.88 and a two-hundred day simple moving average of $23.98.

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.