InfraCap REIT Preferred ETF (NYSEARCA:PFFR) Stock Price Down 0.2% – Time to Sell?

Shares of InfraCap REIT Preferred ETF (NYSEARCA:PFFR) were down 0.2% on Wednesday . The company traded as low as $18.15 and last traded at $18.23. Approximately 46,441 shares traded hands during trading, an increase of 10% from the average daily volume of 42,051 shares. The stock had previously closed at $18.27.

InfraCap REIT Preferred ETF Price Performance

The business has a fifty day simple moving average of $18.17 and a 200 day simple moving average of $18.40.

InfraCap REIT Preferred ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, January 27th. Investors of record on Tuesday, January 20th were paid a $0.123 dividend. This represents a c) annualized dividend and a dividend yield of 8.1%. This is a positive change from InfraCap REIT Preferred ETF’s previous monthly dividend of $0.12. The ex-dividend date was Tuesday, January 20th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in InfraCap REIT Preferred ETF stock. Kingswood Wealth Advisors LLC lifted its position in shares of InfraCap REIT Preferred ETF (NYSEARCA:PFFR) by 206.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,789 shares of the company’s stock after acquiring an additional 32,860 shares during the quarter. Kingswood Wealth Advisors LLC owned 0.83% of InfraCap REIT Preferred ETF worth $912,000 at the end of the most recent quarter.

About InfraCap REIT Preferred ETF

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.