Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA – Get Free Report)’s stock price traded down 1% on Monday . The stock traded as low as $20.63 and last traded at $20.67. 864,673 shares were traded during trading, a decline of 15% from the average daily volume of 1,013,593 shares. The stock had previously closed at $20.88.
Virtus InfraCap U.S. Preferred Stock ETF Price Performance
The firm has a 50 day moving average of $21.12 and a 200-day moving average of $21.34.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc lifted its position in Virtus InfraCap U.S. Preferred Stock ETF by 37.2% in the 4th quarter. AdvisorNet Financial Inc now owns 295,733 shares of the company’s stock worth $6,373,000 after buying an additional 80,180 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF by 34,786.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 53,028 shares of the company’s stock valued at $1,151,000 after acquiring an additional 52,876 shares in the last quarter. Kelleher Financial Advisors acquired a new position in shares of Virtus InfraCap U.S. Preferred Stock ETF in the fourth quarter worth $321,000. EverSource Wealth Advisors LLC increased its stake in shares of Virtus InfraCap U.S. Preferred Stock ETF by 50.0% in the second quarter. EverSource Wealth Advisors LLC now owns 3,000 shares of the company’s stock worth $62,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF by 31.0% during the first quarter. Bank of New York Mellon Corp now owns 32,974 shares of the company’s stock worth $671,000 after acquiring an additional 7,805 shares in the last quarter.
About Virtus InfraCap U.S. Preferred Stock ETF
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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