Foguth Wealth Management LLC. Acquires New Stake in Global X Variable Rate Preferred ETF $PFFV

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

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its stake in shares of Global X Variable Rate Preferred ETF by 84.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 681,034 shares of the company’s stock worth $14,866,000 after purchasing an additional 311,788 shares during the last quarter. Benjamin Edwards Inc. purchased a new stake in shares of Global X Variable Rate Preferred ETF during the fourth quarter worth about $3,092,000. LFG Wealth Partners LLC acquired a new position in shares of Global X Variable Rate Preferred ETF in the fourth quarter valued at approximately $2,060,000. Rockefeller Capital Management L.P. raised its position in shares of Global X Variable Rate Preferred ETF by 64.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 128,997 shares of the company’s stock valued at $2,866,000 after buying an additional 50,579 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in shares of Global X Variable Rate Preferred ETF by 11.6% during the fourth quarter. LPL Financial LLC now owns 261,711 shares of the company’s stock valued at $5,815,000 after buying an additional 27,287 shares during the period.

Global X Variable Rate Preferred ETF Price Performance

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

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.