Global X Variable Rate Preferred ETF
PFFV
50 hedge funds and large institutions have $53.2M invested in Global X Variable Rate Preferred ETF in 2023 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 13 increasing their positions, 21 reducing their positions, and 12 closing their positions.
5.71% less ownership
Funds ownership: 30.08% → 24.37% (-5.7%)
11% less funds holding
Funds holding: 56 → 50 (-6)
17% less capital invested
Capital invested by funds: $64.3M → $53.2M (-$11.1M)
38% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 21
42% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$6.65M |
| 2 |
Creative Planning
Overland Park,
Kansas
|
+$1.39M |
| 3 |
Morgan Stanley
New York
|
+$1.31M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$741K |
| 5 |
Comerica Bank
Dallas,
Texas
|
+$595K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFS
Bard Financial Services
Branford,
Connecticut
|
-$12.2M |
| 2 |
Rockefeller Capital Management
New York
|
-$3.82M |
| 3 |
JP Morgan Chase
New York
|
-$1.12M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$982K |
| 5 |
BAM
Byrne Asset Management
Kingston,
New Jersey
|
-$510K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BFS
51
Bard Financial Services
Branford,
Connecticut
| – | -$12.2M | -546,735 | Closed |
|
|
52
JP Morgan Chase
New York
| – | -$1.12M | -50,023 | Closed |
|
|
BAM
53
Byrne Asset Management
Kingston,
New Jersey
| – | -$510K | -22,830 | Closed |
|
|
CA
54
Cetera Advisors
Denver,
Colorado
| – | -$347K | -15,518 | Closed |
|
|
GIA
55
Gladstone Institutional Advisory
Palm Beach Gardens,
Florida
| – | -$334K | -14,955 | Closed |
|
56
Jane Street
New York
| – | -$307K | -13,754 | Closed |
|
|
GS
57
GTS Securities
New York
| – | -$304K | -13,597 | Closed |
|
|
CAN
58
Cetera Advisor Networks
El Segundo,
California
| – | -$272K | -12,198 | Closed |
|
|
CM
59
Columbus Macro
New Castle,
Pennsylvania
| – | -$234K | -10,467 | Closed |
|
|
TSS
60
Two Sigma Securities
New York
| – | -$226K | -10,102 | Closed |
|
61
UBS Group
Zurich,
Switzerland
| – | -$154K | -6,885 | Closed |
|
|
IPW
62
Impact Partnership Wealth
Marietta,
Georgia
| – | -$2.43K | -109 | Closed |
|
PFFV Hedge Fund Activity: Q3 2023 in Review
50 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in Global X Variable Rate Preferred ETF (PFFV) for Q3 2023, worth a combined $53.2M — down 17% from $64.3M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of PFFV and 7 opened new positions — a net loss of 5 holders — while 21 trimmed existing stakes and 13 added.
The largest buyer was Janney Montgomery Scott, opening a new position worth an estimated $6.65M. The largest seller was Bard Financial Services, exiting entirely with an estimated $12.2M sold.
- 50 institutional investors held Global X Variable Rate Preferred ETF (PFFV) as of Q3 2023, down from 56 in Q2 2023.
- Funds reported $53.2M of Global X Variable Rate Preferred ETF stock for Q3 2023, down 17% quarter-over-quarter.
- 7 funds opened new Global X Variable Rate Preferred ETF positions in Q3 2023 and 12 closed out, a net change of -5 holders.
- The largest Global X Variable Rate Preferred ETF buyer in Q3 2023 was Janney Montgomery Scott, an estimated $6.65M added.
- The largest Global X Variable Rate Preferred ETF seller in Q3 2023 was Bard Financial Services, an estimated $12.2M sold.
Based on aggregated 13F filings for Q3 2023.