Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Hits New 12-Month Low – What’s Next?

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) shares reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as $19.03 and last traded at $19.07, with a volume of 15,073 shares. The stock had previously closed at $19.20.

Virtus InfraCap U.S. Preferred Stock ETF Price Performance

The firm has a 50 day moving average price of $20.39 and a 200 day moving average price of $20.87.

Hedge Funds Weigh In On Virtus InfraCap U.S. Preferred Stock ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Venturi Wealth Management LLC lifted its position in Virtus InfraCap U.S. Preferred Stock ETF by 7.4% during the first quarter. Venturi Wealth Management LLC now owns 14,101 shares of the company’s stock valued at $287,000 after purchasing an additional 972 shares during the period. Janney Montgomery Scott LLC increased its holdings 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 buying an additional 998 shares in the last quarter. Tsfg LLC purchased a new position in Virtus InfraCap U.S. Preferred Stock ETF during the second quarter worth approximately $29,000. Noble Wealth Management PBC acquired a new stake in Virtus InfraCap U.S. Preferred Stock ETF in the 3rd quarter valued at $30,000. Finally, Allied Private Wealth LLC acquired a new position in shares of Virtus InfraCap U.S. Preferred Stock ETF during the 2nd quarter worth about $42,000.

Virtus InfraCap U.S. Preferred Stock ETF Company Profile

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.