Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Sets New 1-Year Low – What’s Next?

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $20.22 and last traded at $20.2310, with a volume of 996072 shares changing hands. The stock had previously closed at $20.45.

Virtus InfraCap U.S. Preferred Stock ETF Stock Down 1.1%

The stock has a 50-day simple moving average of $20.80 and a 200 day simple moving average of $21.03.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PFFA. Sunbelt Securities Inc. raised its stake in shares of Virtus InfraCap U.S. Preferred Stock ETF by 177.3% in the 1st quarter. Sunbelt Securities Inc. now owns 56,816 shares of the company’s stock valued at $1,157,000 after buying an additional 36,328 shares in the last quarter. Tsfg LLC acquired a new stake in shares of Virtus InfraCap U.S. Preferred Stock ETF during the 2nd quarter valued at about $29,000. Allied Private Wealth LLC acquired a new stake in shares of Virtus InfraCap U.S. Preferred Stock ETF during the 2nd quarter valued at about $42,000. Bank of New York Mellon Corp boosted its position in shares of Virtus InfraCap U.S. Preferred Stock ETF by 31.0% during the 1st quarter. Bank of New York Mellon Corp now owns 32,974 shares of the company’s stock valued at $671,000 after acquiring an additional 7,805 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in Virtus InfraCap U.S. Preferred Stock ETF by 1.8% in the first quarter. Janney Montgomery Scott LLC now owns 55,534 shares of the company’s stock valued at $1,131,000 after acquiring an additional 998 shares during the period.

About Virtus InfraCap U.S. Preferred Stock ETF

The Virtus InfraCap U.S. Preferred Stock ETF (PFFA) is an exchange-traded fund that is based on the SP US Preferred Stock index. The fund is an actively managed fund of US preferred stock that leverages the portfolio to varying degrees. The fund seeks current income, with capital appreciation as a secondary goal. PFFA was launched on May 15, 2018 and is managed by Virtus.