Global X Variable Rate Preferred ETF $PFFV Stock Position Boosted by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its position in shares of Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) by 1,701.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 230,000 shares of the company’s stock after purchasing an additional 217,235 shares during the period. International Assets Investment Management LLC owned about 1.47% of Global X Variable Rate Preferred ETF worth $5,012,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SouthState Bank Corp bought a new stake in shares of Global X Variable Rate Preferred ETF in the first quarter valued at about $44,000. Essential Investment Partners LLC bought a new position in shares of Global X Variable Rate Preferred ETF during the third quarter worth about $49,000. Fifth Third Bancorp bought a new position in shares of Global X Variable Rate Preferred ETF during the first quarter worth about $214,000. Corient Private Wealth LP acquired a new stake in Global X Variable Rate Preferred ETF in the 2nd quarter valued at approximately $222,000. Finally, Sei Investments Co. acquired a new stake in Global X Variable Rate Preferred ETF in the 1st quarter valued at approximately $225,000.

Global X Variable Rate Preferred ETF Price Performance

Shares of Global X Variable Rate Preferred ETF stock opened at $21.20 on Monday. The business’s 50 day simple moving average is $21.70 and its 200 day simple moving average is $22.10. Global X Variable Rate Preferred ETF has a 52-week low of $21.17 and a 52-week high of $23.11.

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.