Global X Variable Rate Preferred ETF
PFFV
59 hedge funds and large institutions have $110M invested in Global X Variable Rate Preferred ETF in 2023 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 28 increasing their positions, 16 reducing their positions, and 8 closing their positions.
75% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 16
0% more funds holding
Funds holding: 59 → 59 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 8
4.39% less ownership
Funds ownership: 45.08% → 40.69% (-4.4%)
57% less capital inflows, than outflows
Capital inflows: $11.6M | Capital outflows: $27.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFS
Bard Financial Services
Branford,
Connecticut
|
+$2.09M |
| 2 |
LPL Financial
San Diego,
California
|
+$2.07M |
| 3 |
Morgan Stanley
New York
|
+$1.54M |
| 4 |
Castle Rock Wealth Management
Walnut Creek,
California
|
+$1.11M |
| 5 |
Coulter & Justus Financial Services
Knoxville,
Tennessee
|
+$603K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$10.4M |
| 2 |
Gradient Investments
Arden Hills,
Minnesota
|
-$8.69M |
| 3 |
MML Investors Services
Springfield,
Massachusetts
|
-$2.24M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$2M |
| 5 |
Merit Financial Group
Alpharetta,
Georgia
|
-$719K |
PFFV Hedge Fund Activity: Q1 2023 in Review
59 of the 6,289 institutional investors tracked by Wall St. Rank reported a position in Global X Variable Rate Preferred ETF (PFFV) for Q1 2023, worth a combined $110M — down 11% from $123M a quarter earlier.
Fund positioning in PFFV was balanced in Q1 2023: 8 funds opened new positions, 8 closed out, 28 added to existing stakes and 16 trimmed.
The largest buyer was Bard Financial Services, adding an estimated $2.09M. The largest seller was Hennion & Walsh Asset Management, cutting an estimated $10.4M.
- 59 institutional investors held Global X Variable Rate Preferred ETF (PFFV) as of Q1 2023, unchanged from Q4 2022.
- Funds reported $110M of Global X Variable Rate Preferred ETF stock for Q1 2023, down 11% quarter-over-quarter.
- 8 funds opened new Global X Variable Rate Preferred ETF positions in Q1 2023 and 8 closed out, a net change of 0 holders.
- The largest Global X Variable Rate Preferred ETF buyer in Q1 2023 was Bard Financial Services, an estimated $2.09M added.
- The largest Global X Variable Rate Preferred ETF seller in Q1 2023 was Hennion & Walsh Asset Management, an estimated $10.4M sold.
Based on aggregated 13F filings for Q1 2023.