Ironsides Asset Advisors LLC Increases Stock Position in Global X Variable Rate Preferred ETF $PFFV

Ironsides Asset Advisors LLC raised its position in shares of Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) by 26.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 comprises about 1.7% of Ironsides Asset Advisors LLC’s investment portfolio, making the stock its 11th biggest holding. Ironsides Asset Advisors LLC owned approximately 2.09% of Global X Variable Rate Preferred ETF worth $6,646,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Centurion Wealth Management LLC purchased a new stake in shares of Global X Variable Rate Preferred ETF during the third quarter worth about $318,000. Osaic Holdings Inc. grew its stake in shares of Global X Variable Rate Preferred ETF by 3.7% in the second quarter. Osaic Holdings Inc. now owns 13,959 shares of the company’s stock worth $318,000 after purchasing an additional 500 shares during the last quarter. Acorn Wealth Advisors LLC grew its stake in shares of Global X Variable Rate Preferred ETF by 13.2% in the third quarter. Acorn Wealth Advisors LLC now owns 14,371 shares of the company’s stock worth $332,000 after purchasing an additional 1,680 shares during the last quarter. Diversify Wealth Management LLC purchased a new position in Global X Variable Rate Preferred ETF during the 2nd quarter valued at about $367,000. Finally, Texas Yale Capital Corp. increased its holdings in Global X Variable Rate Preferred ETF by 60.1% during the 3rd quarter. Texas Yale Capital Corp. now owns 17,363 shares of the company’s stock valued at $401,000 after purchasing an additional 6,520 shares during the period.

Global X Variable Rate Preferred ETF Stock Down 0.2%

PFFV opened at $22.31 on Friday. Global X Variable Rate Preferred ETF has a one year low of $22.22 and a one year high of $23.90. The business has a 50 day simple moving average of $22.51 and a two-hundred day simple moving average of $22.76.

Global X Variable Rate Preferred ETF Cuts Dividend

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

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.