Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA – Get Free Report) reached a new 52-week low during trading on Tuesday. The company traded as low as $19.35 and last traded at $19.3950, with a volume of 527,260 shares. The stock had previously closed at $19.38.
Virtus InfraCap U.S. Preferred Stock ETF Stock Up 0.4%
The company has a 50 day simple moving average of $20.55 and a two-hundred day simple moving average of $20.91.
Hedge Funds Weigh In On Virtus InfraCap U.S. Preferred Stock ETF
Several hedge funds have recently modified their holdings of the stock. Sunbelt Securities Inc. increased its holdings in Virtus InfraCap U.S. Preferred Stock ETF by 177.3% in the 1st quarter. Sunbelt Securities Inc. now owns 56,816 shares of the company’s stock valued at $1,157,000 after acquiring an additional 36,328 shares during the last quarter. Adams Asset Advisors LLC purchased a new stake in Virtus InfraCap U.S. Preferred Stock ETF in the 3rd quarter worth $5,645,000. Farther Finance Advisors LLC boosted its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF by 11.7% during the 3rd 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 last quarter. Noble Wealth Management PBC bought a new position in shares of Virtus InfraCap U.S. Preferred Stock ETF during the 3rd quarter valued at about $30,000. Finally, Tsfg LLC bought a new position in shares of Virtus InfraCap U.S. Preferred Stock ETF during the 2nd quarter valued at about $29,000.
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. PFFA was launched on May 15, 2018 and is managed by Virtus.
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