AXS Investments LLC Sells 32,896 Shares of Global X Variable Rate Preferred ETF $PFFV

AXS Investments LLC cut its stake in shares of Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) by 15.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 179,841 shares of the company’s stock after selling 32,896 shares during the quarter. Global X Variable Rate Preferred ETF comprises approximately 1.8% of AXS Investments LLC’s investment portfolio, making the stock its 14th biggest holding. AXS Investments LLC owned 1.31% of Global X Variable Rate Preferred ETF worth $4,158,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Columbus Macro LLC acquired a new stake in shares of Global X Variable Rate Preferred ETF in the third quarter worth approximately $10,162,000. CW Advisors LLC boosted its position in Global X Variable Rate Preferred ETF by 198.3% during the second quarter. CW Advisors LLC now owns 162,187 shares of the company’s stock worth $3,698,000 after acquiring an additional 107,817 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in Global X Variable Rate Preferred ETF by 55.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 272,685 shares of the company’s stock valued at $6,217,000 after acquiring an additional 96,835 shares in the last quarter. APS Management Group Inc. purchased a new stake in Global X Variable Rate Preferred ETF in the third quarter valued at $1,881,000. Finally, Integral Investment Advisors Inc. boosted its position in shares of Global X Variable Rate Preferred ETF by 59.6% during the second quarter. Integral Investment Advisors Inc. now owns 80,686 shares of the company’s stock worth $1,840,000 after buying an additional 30,129 shares during the period.

Global X Variable Rate Preferred ETF Price Performance

Shares of Global X Variable Rate Preferred ETF stock opened at $22.60 on Monday. Global X Variable Rate Preferred ETF has a one year low of $22.22 and a one year high of $24.16. The business has a 50-day simple moving average of $22.52 and a 200-day simple moving average of $22.85.

Global X Variable Rate Preferred ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 5th. Investors of record on Monday, February 2nd will be paid a dividend of $0.1375 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a c) annualized dividend and a yield of 7.3%.

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.