Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) Shares Sold by Paulson Wealth Management Inc.

Paulson Wealth Management Inc. trimmed its holdings in shares of Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) by 5.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,716 shares of the company’s stock after selling 1,164 shares during the period. Paulson Wealth Management Inc. owned about 0.19% of Global X Variable Rate Preferred ETF worth $474,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PFFV. International Assets Investment Management LLC acquired a new position in shares of Global X Variable Rate Preferred ETF during the second quarter worth $212,000. West Michigan Advisors LLC acquired a new stake in Global X Variable Rate Preferred ETF in the third quarter valued at $243,000. CreativeOne Wealth LLC acquired a new stake in Global X Variable Rate Preferred ETF in the first quarter valued at $242,000. FLC Capital Advisors acquired a new stake in Global X Variable Rate Preferred ETF in the second quarter valued at $251,000. Finally, Integral Investment Advisors Inc. raised its holdings in Global X Variable Rate Preferred ETF by 33.8% in the second quarter. Integral Investment Advisors Inc. now owns 13,322 shares of the company’s stock valued at $317,000 after acquiring an additional 3,368 shares in the last quarter.

Global X Variable Rate Preferred ETF Trading Down 0.3 %

PFFV stock opened at $24.06 on Wednesday. Global X Variable Rate Preferred ETF has a 1-year low of $22.54 and a 1-year high of $24.48. The firm has a fifty day moving average price of $24.07 and a two-hundred day moving average price of $23.80.

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.