Princeton Global Asset Management LLC Has $2.11 Million Holdings in Global X Variable Rate Preferred ETF (NYSEARCA:PFFV)

Princeton Global Asset Management LLC raised its position in shares of Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) by 1.5% in the third quarter, HoldingsChannel.com reports. The firm owned 87,747 shares of the company’s stock after purchasing an additional 1,333 shares during the quarter. Princeton Global Asset Management LLC’s holdings in Global X Variable Rate Preferred ETF were worth $2,110,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Comerica Bank increased its position in Global X Variable Rate Preferred ETF by 9.0% during the 1st quarter. Comerica Bank now owns 28,762 shares of the company’s stock valued at $681,000 after purchasing an additional 2,372 shares during the period. Ausdal Financial Partners Inc. increased its position in Global X Variable Rate Preferred ETF by 5.1% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 54,677 shares of the company’s stock valued at $1,293,000 after purchasing an additional 2,640 shares during the period. Integral Investment Advisors Inc. increased its position in Global X Variable Rate Preferred ETF by 33.8% during the 2nd quarter. Integral Investment Advisors Inc. now owns 13,322 shares of the company’s stock valued at $317,000 after purchasing an additional 3,368 shares during the period. Truist Financial Corp increased its position in Global X Variable Rate Preferred ETF by 11.1% during the 2nd quarter. Truist Financial Corp now owns 54,303 shares of the company’s stock valued at $1,284,000 after purchasing an additional 5,426 shares during the period. Finally, Investment Partners Asset Management Inc. increased its position in Global X Variable Rate Preferred ETF by 5.1% during the 3rd quarter. Investment Partners Asset Management Inc. now owns 152,293 shares of the company’s stock valued at $3,663,000 after purchasing an additional 7,332 shares during the period.

Global X Variable Rate Preferred ETF Stock Down 0.3 %

Shares of PFFV stock opened at $24.15 on Friday. Global X Variable Rate Preferred ETF has a 52 week low of $22.44 and a 52 week high of $24.29. The firm has a 50 day moving average of $24.03 and a 200-day moving average of $23.75.

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.