Dearborn Partners LLC Buys New Holdings in Global X Variable Rate Preferred ETF $PFFV

Dearborn Partners LLC bought a new stake in Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 22,903 shares of the company’s stock, valued at approximately $509,000. Dearborn Partners LLC owned about 0.17% of Global X Variable Rate Preferred ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its holdings in Global X Variable Rate Preferred ETF by 531.6% in the third quarter. Envestnet Asset Management Inc. now owns 519,963 shares of the company’s stock valued at $12,022,000 after acquiring an additional 437,637 shares during the last quarter. Ironsides Asset Advisors LLC lifted its stake in shares of Global X Variable Rate Preferred ETF by 26.3% during the third quarter. Ironsides Asset Advisors LLC now owns 287,455 shares of the company’s stock worth $6,646,000 after purchasing an additional 59,802 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Global X Variable Rate Preferred ETF by 7.0% during the second quarter. Bank of America Corp DE now owns 257,112 shares of the company’s stock worth $5,862,000 after purchasing an additional 16,712 shares in the last quarter. Investment Partners Asset Management Inc. lifted its stake in shares of Global X Variable Rate Preferred ETF by 12.0% during the fourth quarter. Investment Partners Asset Management Inc. now owns 234,301 shares of the company’s stock worth $5,206,000 after purchasing an additional 25,180 shares in the last quarter. Finally, Leslie Global Wealth LLC lifted its stake in shares of Global X Variable Rate Preferred ETF by 7.1% during the fourth quarter. Leslie Global Wealth LLC now owns 169,352 shares of the company’s stock worth $3,763,000 after purchasing an additional 11,272 shares in the last quarter.

Global X Variable Rate Preferred ETF Stock Performance

Shares of PFFV opened at $22.11 on Monday. The stock’s 50-day moving average is $22.20 and its two-hundred day moving average is $22.37. Global X Variable Rate Preferred ETF has a 12 month low of $21.70 and a 12 month high of $23.38.

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.