Wells Fargo & Company MN Takes $58,000 Position in Global X Variable Rate Preferred ETF (NYSEARCA:PFFV)

Wells Fargo & Company MN acquired a new stake in Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 2,450 shares of the company’s stock, valued at approximately $58,000.

Other institutional investors have also bought and sold shares of the company. Acorn Wealth Advisors LLC raised its holdings in Global X Variable Rate Preferred ETF by 3.5% in the 4th quarter. Acorn Wealth Advisors LLC now owns 12,786 shares of the company’s stock valued at $301,000 after buying an additional 436 shares during the period. Princeton Global Asset Management LLC grew its stake in Global X Variable Rate Preferred ETF by 0.7% during the 4th quarter. Princeton Global Asset Management LLC now owns 88,326 shares of the company’s stock worth $2,082,000 after purchasing an additional 579 shares in the last quarter. Corient Private Wealth LLC boosted its stake in shares of Global X Variable Rate Preferred ETF by 15.2% in the 4th quarter. Corient Private Wealth LLC now owns 13,951 shares of the company’s stock valued at $329,000 after buying an additional 1,841 shares during the period. FLC Capital Advisors raised its stake in Global X Variable Rate Preferred ETF by 12.0% in the fourth quarter. FLC Capital Advisors now owns 21,429 shares of the company’s stock valued at $505,000 after buying an additional 2,297 shares in the last quarter. Finally, Private Trust Co. NA increased its stake in Global X Variable Rate Preferred ETF by 51.6% in the fourth 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 last quarter.

Global X Variable Rate Preferred ETF Stock Performance

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

About Global X Variable Rate Preferred ETF

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.