Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Reaches New 1-Year Low – Should You Sell?

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) shares reached a new 52-week low during trading on Wednesday. The stock traded as low as $20.22 and last traded at $20.2310, with a volume of 996072 shares traded. The stock had previously closed at $20.45.

Virtus InfraCap U.S. Preferred Stock ETF Stock Performance

The business has a 50-day moving average of $20.76 and a two-hundred day moving average of $21.01.

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

Institutional investors have recently modified their holdings of the company. Tsfg LLC bought a new position in shares of Virtus InfraCap U.S. Preferred Stock ETF during the 2nd quarter worth approximately $29,000. Allied Private Wealth LLC purchased a new position in Virtus InfraCap U.S. Preferred Stock ETF in the second quarter worth $42,000. Venturi Wealth Management LLC grew its holdings in 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 worth $287,000 after purchasing an additional 972 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of 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 in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of 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 in the last quarter.

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.