Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Shares Down 0.7% – What’s Next?

Shares of Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) traded down 0.7% during trading on Thursday . The company traded as low as $21.57 and last traded at $21.68. 332,047 shares were traded during mid-day trading, a decline of 19% from the average session volume of 410,397 shares. The stock had previously closed at $21.83.

Virtus InfraCap U.S. Preferred Stock ETF Price Performance

The business’s 50-day simple moving average is $21.99 and its two-hundred day simple moving average is $22.34.

Institutional Investors Weigh In On Virtus InfraCap U.S. Preferred Stock ETF

Several hedge funds and other institutional investors have recently bought and sold shares of PFFA. AlphaMark Advisors LLC increased its position in shares of Virtus InfraCap U.S. Preferred Stock ETF by 18.7% in the 4th quarter. AlphaMark Advisors LLC now owns 6,423 shares of the company’s stock worth $141,000 after purchasing an additional 1,013 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in Virtus InfraCap U.S. Preferred Stock ETF by 10.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 44,819 shares of the company’s stock worth $982,000 after purchasing an additional 4,193 shares in the last quarter. Future Financial Wealth Managment LLC bought a new stake in Virtus InfraCap U.S. Preferred Stock ETF in the fourth quarter valued at about $563,000. Finally, Anderson Financial Strategies LLC acquired a new position in Virtus InfraCap U.S. Preferred Stock ETF in the fourth quarter valued at approximately $7,202,000.

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.