Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Hits New 12-Month Low – What’s Next?

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA)’s share price hit a new 52-week low during trading on Friday . The stock traded as low as $20.03 and last traded at $20.15, with a volume of 726824 shares trading hands. The stock had previously closed at $20.91.

Virtus InfraCap U.S. Preferred Stock ETF Trading Down 4.1 %

The business’s fifty day simple moving average is $21.82 and its two-hundred day simple moving average is $22.27.

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 the stock. AlphaMark Advisors LLC increased its position in Virtus InfraCap U.S. Preferred Stock ETF by 18.7% during the fourth quarter. AlphaMark Advisors LLC now owns 6,423 shares of the company’s stock worth $141,000 after buying an additional 1,013 shares during the period. Future Financial Wealth Managment LLC purchased a new position in shares of Virtus InfraCap U.S. Preferred Stock ETF during the fourth quarter worth approximately $563,000. Janney Montgomery Scott LLC raised its position in Virtus InfraCap U.S. Preferred Stock ETF by 10.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 44,819 shares of the company’s stock valued at $982,000 after purchasing an additional 4,193 shares during the last quarter. Finally, Anderson Financial Strategies LLC purchased a new stake in Virtus InfraCap U.S. Preferred Stock ETF in the 4th quarter valued at $7,202,000.

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.