Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Sets New 52-Week Low – Time to Sell?

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $19.03 and last traded at $19.07, with a volume of 15,073 shares trading hands. The stock had previously closed at $19.20.

Virtus InfraCap U.S. Preferred Stock ETF Stock Down 0.4%

The business has a 50 day simple moving average of $20.39 and a 200-day simple moving average of $20.87.

Hedge Funds Weigh In On Virtus InfraCap U.S. Preferred Stock ETF

Several institutional investors have recently modified their holdings of the business. Venturi Wealth Management LLC boosted its stake in shares of Virtus InfraCap U.S. Preferred Stock ETF by 7.4% in the 1st 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 during the period. Janney Montgomery Scott LLC lifted its position in shares of Virtus InfraCap U.S. Preferred Stock ETF by 1.8% during the 1st 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 during the last quarter. Tsfg LLC purchased a new position in Virtus InfraCap U.S. Preferred Stock ETF in the second quarter valued at $29,000. Noble Wealth Management PBC purchased a new position in shares of Virtus InfraCap U.S. Preferred Stock ETF in the 3rd quarter valued at about $30,000. Finally, Allied Private Wealth LLC purchased a new stake in Virtus InfraCap U.S. Preferred Stock ETF during the second quarter worth approximately $42,000.

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.