Walter & Keenan Wealth Management LLC IN ADV Lowers Stock Position in Global X Variable Rate Preferred ETF (NYSEARCA:PFFV)

Walter & Keenan Wealth Management LLC IN ADV reduced its stake in Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) by 59.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,730 shares of the company’s stock after selling 13,000 shares during the quarter. Walter & Keenan Wealth Management LLC IN ADV owned about 0.08% of Global X Variable Rate Preferred ETF worth $210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of PFFV. Janney Montgomery Scott LLC raised its stake in Global X Variable Rate Preferred ETF by 28.1% in the first quarter. Janney Montgomery Scott LLC now owns 385,656 shares of the company’s stock valued at $9,132,000 after purchasing an additional 84,582 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Global X Variable Rate Preferred ETF in the second quarter worth $1,749,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Global X Variable Rate Preferred ETF in the second quarter worth $1,136,000. Creative Planning increased its stake in shares of Global X Variable Rate Preferred ETF by 31.1% in the third quarter. Creative Planning now owns 171,806 shares of the company’s stock worth $4,132,000 after buying an additional 40,717 shares during the period. Finally, Ironsides Asset Advisors LLC increased its stake in shares of Global X Variable Rate Preferred ETF by 311.6% in the first quarter. Ironsides Asset Advisors LLC now owns 50,236 shares of the company’s stock worth $1,190,000 after buying an additional 38,030 shares during the period.

Global X Variable Rate Preferred ETF Stock Down 0.6 %

Shares of NYSEARCA PFFV opened at $24.10 on Wednesday. Global X Variable Rate Preferred ETF has a 52 week low of $21.77 and a 52 week high of $24.29. The firm’s fifty day moving average is $24.00 and its 200 day moving average is $23.73.

Global X Variable Rate Preferred ETF Company 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.