Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA – Get Free Report)’s stock price rose 0.7% during trading on Tuesday . The stock traded as high as $20.56 and last traded at $20.55. Approximately 151,692 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 295,400 shares. The stock had previously closed at $20.40.
Virtus InfraCap U.S. Preferred Stock ETF Price Performance
The firm’s 50-day moving average price is $20.82 and its two-hundred day moving average price is $20.21.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in PFFA. AlphaMark Advisors LLC lifted its stake in shares of Virtus InfraCap U.S. Preferred Stock ETF by 109.3% during the 3rd quarter. AlphaMark Advisors LLC now owns 4,982 shares of the company’s stock worth $96,000 after purchasing an additional 2,602 shares during the last quarter. Black Swift Group LLC bought a new position in Virtus InfraCap U.S. Preferred Stock ETF in the third quarter worth about $2,245,000. Janney Montgomery Scott LLC lifted its position in shares of Virtus InfraCap U.S. Preferred Stock ETF by 10.4% during the third quarter. Janney Montgomery Scott LLC now owns 62,925 shares of the company’s stock valued at $1,217,000 after buying an additional 5,925 shares during the last quarter. Finally, Tradition Wealth Management LLC boosted its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF by 9.0% in the 4th quarter. Tradition Wealth Management LLC now owns 12,533 shares of the company’s stock valued at $260,000 after buying an additional 1,033 shares in the last quarter.
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.
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