Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Trading Down 0.4% – Here’s Why

Shares of Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) traded down 0.4% during trading on Tuesday . The stock traded as low as $21.39 and last traded at $21.43. 1,350,636 shares traded hands during mid-day trading, an increase of 34% from the average session volume of 1,006,977 shares. The stock had previously closed at $21.52.

Virtus InfraCap U.S. Preferred Stock ETF Stock Down 0.4%

The company’s 50 day moving average is $21.19 and its 200 day moving average is $21.49.

Institutional Trading of Virtus InfraCap U.S. Preferred Stock ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. AdvisorNet Financial Inc grew its position in shares of Virtus InfraCap U.S. Preferred Stock ETF by 37.2% during the 4th quarter. AdvisorNet Financial Inc now owns 295,733 shares of the company’s stock worth $6,373,000 after buying an additional 80,180 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Virtus InfraCap U.S. Preferred Stock ETF by 34,786.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 53,028 shares of the company’s stock worth $1,151,000 after buying an additional 52,876 shares in the last quarter. Sunbelt Securities Inc. grew its position in shares of 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 worth $1,157,000 after buying an additional 36,328 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Virtus InfraCap U.S. Preferred Stock ETF by 514.1% during the 4th quarter. Farther Finance Advisors LLC now owns 18,805 shares of the company’s stock worth $405,000 after buying an additional 15,743 shares in the last quarter. Finally, Kelleher Financial Advisors bought a new position in shares of Virtus InfraCap U.S. Preferred Stock ETF during the 4th quarter worth $321,000.

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