Infracap REIT Preferred ETF (NYSEARCA:PFFR) Trading Down 0.4% – Should You Sell?

Infracap REIT Preferred ETF (NYSEARCA:PFFR) dropped 0.4% during mid-day trading on Wednesday . The company traded as low as $18.35 and last traded at $18.43. Approximately 18,228 shares changed hands during trading, a decline of 47% from the average daily volume of 34,203 shares. The stock had previously closed at $18.50.

Infracap REIT Preferred ETF Stock Performance

The business has a 50 day moving average of $18.60 and a 200-day moving average of $19.08.

Institutional Investors Weigh In On Infracap REIT Preferred ETF

An institutional investor recently raised its position in Infracap REIT Preferred ETF stock. Janney Montgomery Scott LLC increased its stake in shares of Infracap REIT Preferred ETF (NYSEARCA:PFFR) by 60.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,009 shares of the company’s stock after buying an additional 6,798 shares during the period. Janney Montgomery Scott LLC owned about 0.40% of Infracap REIT Preferred ETF worth $333,000 as of its most recent filing with the Securities and Exchange Commission.

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.