Ausdal Financial Partners Inc. Reduces Holdings in Global X Variable Rate Preferred ETF (NYSEARCA:PFFV)

Ausdal Financial Partners Inc. reduced its stake in Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) by 4.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 52,446 shares of the company’s stock after selling 2,200 shares during the quarter. Ausdal Financial Partners Inc. owned about 0.50% of Global X Variable Rate Preferred ETF worth $1,236,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Congress Wealth Management LLC DE purchased a new position in shares of Global X Variable Rate Preferred ETF in the fourth quarter worth $376,000. LPL Financial LLC lifted its position in Global X Variable Rate Preferred ETF by 46.7% during the 4th quarter. LPL Financial LLC now owns 135,069 shares of the company’s stock worth $3,184,000 after acquiring an additional 43,003 shares during the period. Corient Private Wealth LLC grew its stake in Global X Variable Rate Preferred ETF by 15.2% during the 4th quarter. Corient Private Wealth LLC now owns 13,951 shares of the company’s stock valued at $329,000 after purchasing an additional 1,841 shares during the last quarter. Ironsides Asset Advisors LLC increased its holdings in shares of Global X Variable Rate Preferred ETF by 231.4% in the fourth quarter. Ironsides Asset Advisors LLC now owns 140,837 shares of the company’s stock valued at $3,320,000 after purchasing an additional 98,341 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Global X Variable Rate Preferred ETF in the fourth quarter worth about $382,000.

Global X Variable Rate Preferred ETF Stock Down 0.3 %

Global X Variable Rate Preferred ETF stock opened at $23.76 on Thursday. Global X Variable Rate Preferred ETF has a 52 week low of $22.92 and a 52 week high of $24.48. The stock has a 50-day moving average price of $23.91 and a 200 day moving average price of $23.98.

Global X Variable Rate Preferred ETF 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.