Sanctuary Advisors LLC Lowers Stake in Global X Variable Rate Preferred ETF (NYSEARCA:PFFV)

Sanctuary Advisors LLC decreased its holdings in Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) by 88.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 8,448 shares of the company’s stock after selling 66,925 shares during the period. Sanctuary Advisors LLC owned approximately 0.08% of Global X Variable Rate Preferred ETF worth $203,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Private Trust Co. NA lifted its position in shares of Global X Variable Rate Preferred ETF by 95.3% during the third quarter. Private Trust Co. NA now owns 6,723 shares of the company’s stock worth $162,000 after purchasing an additional 3,280 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Global X Variable Rate Preferred ETF in the 2nd quarter valued at about $212,000. West Michigan Advisors LLC acquired a new stake in Global X Variable Rate Preferred ETF during the third quarter valued at approximately $243,000. Acorn Wealth Advisors LLC lifted its holdings in Global X Variable Rate Preferred ETF by 16.5% during the 3rd quarter. Acorn Wealth Advisors LLC now owns 12,350 shares of the company’s stock worth $297,000 after buying an additional 1,752 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of Global X Variable Rate Preferred ETF in the 3rd quarter worth approximately $303,000.

Global X Variable Rate Preferred ETF Price Performance

Shares of NYSEARCA:PFFV opened at $23.73 on Monday. Global X Variable Rate Preferred ETF has a 1-year low of $22.92 and a 1-year high of $24.48. The company’s fifty day moving average is $24.07 and its two-hundred day moving average is $23.90.

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.