Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Sets New 52-Week Low – What’s Next?

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA)’s stock price reached a new 52-week low during trading on Tuesday. The stock traded as low as $18.52 and last traded at $18.49, with a volume of 150,460 shares traded. The stock had previously closed at $18.54.

Virtus InfraCap U.S. Preferred Stock ETF Trading Up 0.0%

The company has a fifty day simple moving average of $19.95 and a 200 day simple moving average of $20.91.

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. Tsfg LLC acquired a new position in Virtus InfraCap U.S. Preferred Stock ETF during the 2nd quarter worth approximately $29,000. Noble Wealth Management PBC bought a new position in Virtus InfraCap U.S. Preferred Stock ETF in the third quarter worth approximately $30,000. Allied Private Wealth LLC acquired a new stake in Virtus InfraCap U.S. Preferred Stock ETF in the second quarter valued at approximately $42,000. Farther Finance Advisors LLC grew its stake in Virtus InfraCap U.S. Preferred Stock ETF by 11.7% in the third quarter. Farther Finance Advisors LLC now owns 29,442 shares of the company’s stock valued at $581,000 after acquiring an additional 3,086 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in 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 acquiring an additional 7,805 shares during the period.

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.