Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA – Get Free Report) hit a new 52-week low during trading on Tuesday. The stock traded as low as $19.73 and last traded at $19.75, with a volume of 1723633 shares traded. The stock had previously closed at $20.00.
Virtus InfraCap U.S. Preferred Stock ETF Stock Up 0.3%
The stock’s fifty day moving average price is $20.69 and its 200-day moving average price is $20.97.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. raised its holdings in Virtus InfraCap U.S. Preferred Stock ETF by 177.3% during the first quarter. Sunbelt Securities Inc. now owns 56,816 shares of the company’s stock worth $1,157,000 after purchasing an additional 36,328 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in Virtus InfraCap U.S. Preferred Stock ETF by 1.8% in the first quarter. Janney Montgomery Scott LLC now owns 55,534 shares of the company’s stock valued at $1,131,000 after purchasing an additional 998 shares during the last quarter. Venturi Wealth Management LLC increased its position in shares of 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 valued at $287,000 after buying an additional 972 shares in the last quarter. AdvisorNet Financial Inc increased its position in shares of Virtus InfraCap U.S. Preferred Stock ETF by 3.1% in the first quarter. AdvisorNet Financial Inc now owns 304,877 shares of the company’s stock valued at $6,207,000 after buying an additional 9,144 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Virtus InfraCap U.S. Preferred Stock ETF by 31.0% during the 1st quarter. Bank of New York Mellon Corp now owns 32,974 shares of the company’s stock worth $671,000 after buying an additional 7,805 shares during the last quarter.
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.
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