Foguth Wealth Management LLC. Takes $4.62 Million Position in Global X Variable Rate Preferred ETF $PFFV

Foguth Wealth Management LLC. acquired a new position in Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) during the 1st quarter, according to its most recent filing with the SEC. The fund acquired 206,620 shares of the company’s stock, valued at approximately $4,621,000. Foguth Wealth Management LLC. owned approximately 1.53% of Global X Variable Rate Preferred ETF as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. SouthState Bank Corp purchased a new position in Global X Variable Rate Preferred ETF during the 1st quarter valued at about $44,000. Glassman Wealth Services purchased a new stake in shares of Global X Variable Rate Preferred ETF in the fourth quarter valued at about $49,000. Kestra Advisory Services LLC purchased a new stake in shares of Global X Variable Rate Preferred ETF in the fourth quarter valued at about $80,000. Royal Bank of Canada acquired a new stake in shares of Global X Variable Rate Preferred ETF in the fourth quarter valued at approximately $157,000. Finally, Fifth Third Bancorp acquired a new stake in shares of Global X Variable Rate Preferred ETF in the first quarter valued at approximately $214,000.

Global X Variable Rate Preferred ETF Price Performance

Shares of PFFV opened at $22.07 on Friday. The firm has a 50 day simple moving average of $22.11 and a 200-day simple moving average of $22.25. Global X Variable Rate Preferred ETF has a 1-year low of $21.70 and a 1-year high of $23.38.

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.