Comerica Bank Has $761,000 Position in Global X Variable Rate Preferred ETF (NYSEARCA:PFFV)

Comerica Bank cut its holdings in Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) by 8.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 32,292 shares of the company’s stock after selling 2,991 shares during the quarter. Comerica Bank’s holdings in Global X Variable Rate Preferred ETF were worth $761,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wells Fargo & Company MN acquired a new stake in shares of Global X Variable Rate Preferred ETF during the fourth quarter worth $58,000. Howard Wealth Management LLC bought a new position in Global X Variable Rate Preferred ETF during the 4th quarter worth about $225,000. Private Trust Co. NA raised its stake in shares of Global X Variable Rate Preferred ETF by 51.6% in the 4th quarter. Private Trust Co. NA now owns 10,195 shares of the company’s stock valued at $240,000 after purchasing an additional 3,472 shares during the period. PUREfi Wealth LLC bought a new stake in shares of Global X Variable Rate Preferred ETF in the fourth quarter valued at about $249,000. Finally, Acorn Wealth Advisors LLC boosted its position in shares of Global X Variable Rate Preferred ETF by 3.5% during the fourth quarter. Acorn Wealth Advisors LLC now owns 12,786 shares of the company’s stock worth $301,000 after buying an additional 436 shares during the period.

Global X Variable Rate Preferred ETF Price Performance

Shares of Global X Variable Rate Preferred ETF stock opened at $23.08 on Wednesday. The business’s 50 day simple moving average is $23.22 and its 200 day simple moving average is $23.71. Global X Variable Rate Preferred ETF has a 52-week low of $22.25 and a 52-week high of $24.48.

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.