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

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA)’s share price reached a new 52-week low during mid-day trading on Monday. The stock traded as low as $18.77 and last traded at $18.8840, with a volume of 1,008,092 shares changing hands. The stock had previously closed at $18.78.

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

The business has a fifty day moving average of $20.14 and a 200-day moving average of $20.97.

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

A number of institutional investors have recently modified their holdings of the company. Tsfg LLC purchased a new stake in shares of Virtus InfraCap U.S. Preferred Stock ETF during the 2nd quarter valued at $29,000. Noble Wealth Management PBC purchased a new stake in shares of Virtus InfraCap U.S. Preferred Stock ETF during the third quarter valued at $30,000. Allied Private Wealth LLC purchased a new position in Virtus InfraCap U.S. Preferred Stock ETF in the 2nd quarter worth $42,000. Venturi Wealth Management LLC lifted its position in Virtus InfraCap U.S. Preferred Stock ETF by 7.4% during the 1st quarter. Venturi Wealth Management LLC now owns 14,101 shares of the company’s stock worth $287,000 after acquiring an additional 972 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in shares of 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 purchasing an additional 3,086 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.