Virtus InfraCap U.S. Preferred Stock ETF $PFFA Shares Newly Acquired by Adams Asset Advisors LLC

Adams Asset Advisors LLC acquired a new stake in Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 285,821 shares of the company’s stock, valued at approximately $5,645,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AdvisorNet Financial Inc increased its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF by 3.1% during the 1st quarter. AdvisorNet Financial Inc now owns 304,877 shares of the company’s stock worth $6,207,000 after acquiring an additional 9,144 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in Virtus InfraCap U.S. Preferred Stock ETF by 177.3% during the 1st quarter. Sunbelt Securities Inc. now owns 56,816 shares of the company’s stock valued at $1,157,000 after purchasing an additional 36,328 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Virtus InfraCap U.S. Preferred Stock ETF by 1.8% during the first quarter. Janney Montgomery Scott LLC now owns 55,534 shares of the company’s stock worth $1,131,000 after purchasing an additional 998 shares during the period. Bank of New York Mellon Corp boosted its position in Virtus InfraCap U.S. Preferred Stock ETF by 31.0% during the first quarter. Bank of New York Mellon Corp now owns 32,974 shares of the company’s stock worth $671,000 after purchasing an additional 7,805 shares during the period. Finally, Venturi Wealth Management LLC raised its position in shares of Virtus InfraCap U.S. Preferred Stock ETF by 7.4% in 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.

Virtus InfraCap U.S. Preferred Stock ETF Stock Performance

Shares of NYSEARCA PFFA traded up $0.10 during mid-day trading on Thursday, reaching $19.55. 975,012 shares of the company were exchanged, compared to its average volume of 957,528. The company’s 50-day simple moving average is $20.62 and its 200-day simple moving average is $20.92. Virtus InfraCap U.S. Preferred Stock ETF has a twelve month low of $19.35 and a twelve month high of $22.06.

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.