InfraCap REIT Preferred ETF (NYSEARCA:PFFR) Shares Down 0.2% – What’s Next?

InfraCap REIT Preferred ETF (NYSEARCA:PFFR) was down 0.2% on Wednesday . The company traded as low as $18.15 and last traded at $18.23. Approximately 46,441 shares were traded during mid-day trading, an increase of 10% from the average daily volume of 42,051 shares. The stock had previously closed at $18.27.

InfraCap REIT Preferred ETF Stock Performance

The business has a 50-day moving average of $18.17 and a 200 day moving average of $18.40.

InfraCap REIT Preferred ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, January 27th. Investors of record on Tuesday, January 20th were given a dividend of $0.123 per share. This represents a c) dividend on an annualized basis and a yield of 8.1%. This is an increase from InfraCap REIT Preferred ETF’s previous monthly dividend of $0.12. The ex-dividend date was Tuesday, January 20th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in InfraCap REIT Preferred ETF stock. Janney Montgomery Scott LLC increased its holdings in shares of InfraCap REIT Preferred ETF (NYSEARCA:PFFR) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,840 shares of the company’s stock after buying an additional 2,033 shares during the quarter. Janney Montgomery Scott LLC owned about 0.76% of InfraCap REIT Preferred ETF worth $808,000 as of its most recent filing with the Securities and Exchange Commission.

InfraCap REIT Preferred ETF Company Profile

The InfraCap REIT Preferred ETF (PFFR) is an exchange-traded fund that is based on the Indxx REIT Preferred Stock index, a modified market-cap-weighted index of US-listed preferred securities issued by real estate investment trusts (REITs). PFFR was launched on Feb 7, 2017 and is managed by InfraCap.