LFG Wealth Partners LLC Acquires New Position in Global X Variable Rate Preferred ETF $PFFV

LFG Wealth Partners LLC acquired a new stake in Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 92,723 shares of the company’s stock, valued at approximately $2,060,000. Global X Variable Rate Preferred ETF comprises about 1.3% of LFG Wealth Partners LLC’s investment portfolio, making the stock its 25th biggest position. LFG Wealth Partners LLC owned about 0.70% of Global X Variable Rate Preferred ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ironsides Asset Advisors LLC raised its position in shares of Global X Variable Rate Preferred ETF by 26.3% in the 3rd quarter. Ironsides Asset Advisors LLC now owns 287,455 shares of the company’s stock valued at $6,646,000 after purchasing an additional 59,802 shares during the last quarter. Benjamin Edwards Inc. purchased a new position in shares of Global X Variable Rate Preferred ETF in the 4th quarter valued at approximately $3,092,000. Envestnet Asset Management Inc. raised its position in shares of Global X Variable Rate Preferred ETF by 531.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 519,963 shares of the company’s stock valued at $12,022,000 after purchasing an additional 437,637 shares during the last quarter. Dearborn Partners LLC purchased a new position in shares of Global X Variable Rate Preferred ETF in the 4th quarter valued at approximately $509,000. Finally, Investment Partners Asset Management Inc. raised its position in shares of Global X Variable Rate Preferred ETF by 12.0% in the 4th quarter. Investment Partners Asset Management Inc. now owns 234,301 shares of the company’s stock valued at $5,206,000 after purchasing an additional 25,180 shares during the last quarter.

Global X Variable Rate Preferred ETF Price Performance

PFFV opened at $22.20 on Tuesday. Global X Variable Rate Preferred ETF has a 12-month low of $21.70 and a 12-month high of $23.38. The firm has a 50 day moving average of $22.23 and a two-hundred day moving average of $22.36.

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.