Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Sets New 1-Year Low – What’s Next?

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $19.50 and last traded at $19.5850, with a volume of 157271 shares trading hands. The stock had previously closed at $19.74.

Virtus InfraCap U.S. Preferred Stock ETF Trading Up 0.5%

The business’s fifty day simple moving average is $20.60 and its 200 day simple moving average is $20.92.

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

A number of hedge funds have recently modified their holdings of PFFA. AdvisorNet Financial Inc grew its position in shares of Virtus InfraCap U.S. Preferred Stock ETF by 3.1% in the 1st quarter. AdvisorNet Financial Inc now owns 304,877 shares of the company’s stock valued at $6,207,000 after purchasing an additional 9,144 shares during the period. Adams Asset Advisors LLC acquired a new stake in Virtus InfraCap U.S. Preferred Stock ETF during the 3rd quarter worth approximately $5,645,000. Sunbelt Securities Inc. lifted its stake in Virtus InfraCap U.S. Preferred Stock ETF by 177.3% in the first quarter. Sunbelt Securities Inc. now owns 56,816 shares of the company’s stock valued at $1,157,000 after buying an additional 36,328 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake 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. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF by 31.0% in the first quarter. Bank of New York Mellon Corp now owns 32,974 shares of the company’s stock valued at $671,000 after buying an additional 7,805 shares during the period.

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. PFFA was launched on May 15, 2018 and is managed by Virtus.