InfraCap REIT Preferred ETF (NYSEARCA:PFFR) Shares Up 0.1% – Still a Buy?

Shares of InfraCap REIT Preferred ETF (NYSEARCA:PFFR) were up 0.1% during trading on Monday . The stock traded as high as $17.86 and last traded at $17.65. 65,671 shares were traded during trading, an increase of 62% from the average session volume of 40,605 shares. The stock had previously closed at $17.63.

InfraCap REIT Preferred ETF Price Performance

The business’s fifty day simple moving average is $17.64 and its two-hundred day simple moving average is $17.76.

Hedge Funds Weigh In On InfraCap REIT Preferred ETF

A hedge fund recently raised its position in InfraCap REIT Preferred ETF stock. Janney Montgomery Scott LLC increased its holdings in InfraCap REIT Preferred ETF (NYSEARCA:PFFR) by 4.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 44,840 shares of the company’s stock after purchasing an additional 2,033 shares during the quarter. Janney Montgomery Scott LLC owned 0.76% of InfraCap REIT Preferred ETF worth $808,000 at the end of the most recent reporting period.

InfraCap REIT Preferred ETF Company Profile

The InfraCap REIT Preferred ETF (PFFR) is an exchange-traded fund that is based on the Indxx REIT Preferred Stock index, a modified market-cap-weighted index of US-listed preferred securities issued by real estate investment trusts (REITs). PFFR was launched on Feb 7, 2017 and is managed by InfraCap.