Ironsides Asset Advisors LLC Raises Stake in Global X Variable Rate Preferred ETF $PFFV

Ironsides Asset Advisors LLC increased its holdings in shares of Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) by 26.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 287,455 shares of the company’s stock after buying an additional 59,802 shares during the period. Global X Variable Rate Preferred ETF accounts for approximately 1.7% of Ironsides Asset Advisors LLC’s portfolio, making the stock its 11th biggest holding. Ironsides Asset Advisors LLC’s holdings in Global X Variable Rate Preferred ETF were worth $6,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Stratos Wealth Partners LTD. increased its stake in shares of Global X Variable Rate Preferred ETF by 1.8% during the third quarter. Stratos Wealth Partners LTD. now owns 26,316 shares of the company’s stock valued at $608,000 after purchasing an additional 459 shares in the last quarter. Osaic Holdings Inc. boosted its position in shares of Global X Variable Rate Preferred ETF by 3.7% in the 2nd quarter. Osaic Holdings Inc. now owns 13,959 shares of the company’s stock worth $318,000 after purchasing an additional 500 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of Global X Variable Rate Preferred ETF by 1.5% in the 2nd quarter. Raymond James Financial Inc. now owns 60,553 shares of the company’s stock worth $1,381,000 after purchasing an additional 880 shares in the last quarter. Princeton Global Asset Management LLC grew its stake in shares of Global X Variable Rate Preferred ETF by 1.3% in the 3rd quarter. Princeton Global Asset Management LLC now owns 95,884 shares of the company’s stock worth $2,217,000 after buying an additional 1,246 shares during the last quarter. Finally, Comprehensive Money Management Services LLC grew its stake in shares of Global X Variable Rate Preferred ETF by 2.4% in the 3rd quarter. Comprehensive Money Management Services LLC now owns 60,863 shares of the company’s stock worth $1,407,000 after buying an additional 1,400 shares during the last quarter.

Global X Variable Rate Preferred ETF Stock Down 0.2%

PFFV stock opened at $22.31 on Friday. The business has a 50 day moving average of $22.51 and a 200 day moving average of $22.76. Global X Variable Rate Preferred ETF has a twelve month low of $22.22 and a twelve month high of $23.90.

Global X Variable Rate Preferred ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a $0.1313 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend was Monday, March 2nd.

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.