Creative Planning Boosts Stake in Global X Variable Rate Preferred ETF (NYSEARCA:PFFV)

Creative Planning lifted its holdings in shares of Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) by 31.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 171,806 shares of the company’s stock after buying an additional 40,717 shares during the quarter. Creative Planning’s holdings in Global X Variable Rate Preferred ETF were worth $4,132,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Janney Montgomery Scott LLC grew its holdings in shares of Global X Variable Rate Preferred ETF by 28.1% during the 1st 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 during the last quarter. Investment Partners Asset Management Inc. grew its holdings in Global X Variable Rate Preferred ETF by 8.5% in the 2nd quarter. Investment Partners Asset Management Inc. now owns 144,961 shares of the company’s stock worth $3,428,000 after acquiring an additional 11,307 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Global X Variable Rate Preferred ETF in the 2nd quarter worth $1,749,000. Ausdal Financial Partners Inc. grew its holdings in Global X Variable Rate Preferred ETF by 5.1% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 54,677 shares of the company’s stock worth $1,293,000 after acquiring an additional 2,640 shares during the last quarter. Finally, Truist Financial Corp grew its holdings in Global X Variable Rate Preferred ETF by 11.1% in the 2nd quarter. Truist Financial Corp now owns 54,303 shares of the company’s stock worth $1,284,000 after acquiring an additional 5,426 shares during the last quarter.

Global X Variable Rate Preferred ETF Price Performance

Shares of Global X Variable Rate Preferred ETF stock opened at $24.13 on Friday. Global X Variable Rate Preferred ETF has a 12-month low of $21.76 and a 12-month high of $24.29. The company’s fifty day simple moving average is $23.99 and its two-hundred day simple moving average is $23.72.

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.