Merit Financial Group LLC grew its stake in shares of Global X Variable Rate Preferred ETF (NYSEARCA:PFFV – Get Rating) by 185.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,944 shares of the company's stock after buying an additional 20,759 shares during the period. Merit Financial Group LLC owned 0.26% of Global X Variable Rate Preferred ETF worth $719,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Gradient Investments LLC lifted its position in shares of Global X Variable Rate Preferred ETF by 0.6% during the 4th quarter. Gradient Investments LLC now owns 2,207,189 shares of the company's stock valued at $49,662,000 after buying an additional 12,154 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in Global X Variable Rate Preferred ETF by 4.3% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 461,362 shares of the company's stock worth $10,381,000 after purchasing an additional 18,928 shares in the last quarter. Bard Financial Services Inc. lifted its holdings in Global X Variable Rate Preferred ETF by 3.1% in the 3rd quarter. Bard Financial Services Inc. now owns 414,798 shares of the company's stock worth $9,739,000 after purchasing an additional 12,640 shares in the last quarter. Bedel Financial Consulting Inc. purchased a new position in Global X Variable Rate Preferred ETF in the 3rd quarter worth approximately $5,772,000. Finally, Envestnet Asset Management Inc. lifted its holdings in Global X Variable Rate Preferred ETF by 144.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 234,998 shares of the company's stock worth $5,518,000 after purchasing an additional 139,036 shares in the last quarter.

Global X Variable Rate Preferred ETF Price Performance

NYSEARCA PFFV opened at $21.87 on Friday. The stock's 50 day moving average is $23.77 and its 200 day moving average is $23.37. Global X Variable Rate Preferred ETF has a 12 month low of $21.72 and a 12 month high of $26.81.

Global X Variable Rate Preferred ETF Profile

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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.

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