Coulter & Justus Financial Services LLC Sells 16,098 Shares of Global X Variable Rate Preferred ETF (NYSEARCA:PFFV)

Coulter & Justus Financial Services LLC lowered its stake in shares of Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) by 45.1% during the fourth quarter, HoldingsChannel reports. The firm owned 19,565 shares of the company’s stock after selling 16,098 shares during the quarter. Global X Variable Rate Preferred ETF makes up 0.3% of Coulter & Justus Financial Services LLC’s investment portfolio, making the stock its 24th largest position. Coulter & Justus Financial Services LLC’s holdings in Global X Variable Rate Preferred ETF were worth $453,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in PFFV. CWM LLC bought a new stake in Global X Variable Rate Preferred ETF in the 4th quarter valued at $173,000. International Assets Investment Management LLC acquired a new position in Global X Variable Rate Preferred ETF in the 4th quarter valued at $3,540,000. Investment Partners Asset Management Inc. acquired a new position in Global X Variable Rate Preferred ETF in the 4th quarter valued at $3,014,000. Columbus Macro LLC acquired a new position in Global X Variable Rate Preferred ETF in the 4th quarter valued at $2,368,000. Finally, LPL Financial LLC grew its holdings in Global X Variable Rate Preferred ETF by 3.1% in the 3rd quarter. LPL Financial LLC now owns 234,647 shares of the company’s stock valued at $5,387,000 after buying an additional 7,054 shares in the last quarter.

Global X Variable Rate Preferred ETF Stock Performance

NYSEARCA PFFV traded up $0.06 on Thursday, reaching $23.48. The stock had a trading volume of 33,372 shares, compared to its average volume of 68,667. The firm has a fifty day moving average of $23.52 and a two-hundred day moving average of $23.25. Global X Variable Rate Preferred ETF has a 1-year low of $20.80 and a 1-year high of $23.98.

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.