Shares of Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA – Get Free Report) hit 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 traded. The stock had previously closed at $19.38.
Virtus InfraCap U.S. Preferred Stock ETF Stock Up 0.0%
The firm has a 50 day simple moving average of $20.49 and a two-hundred day simple moving average of $20.89.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Venturi Wealth Management LLC raised its holdings 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 purchasing an additional 972 shares during the last quarter. Janney Montgomery Scott LLC increased 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 acquired a new stake in shares of Virtus InfraCap U.S. Preferred Stock ETF in the 2nd quarter valued at approximately $29,000. Noble Wealth Management PBC acquired a new position in Virtus InfraCap U.S. Preferred Stock ETF during the third quarter worth $30,000. Finally, Allied Private Wealth LLC acquired a new position in shares of Virtus InfraCap U.S. Preferred Stock ETF during the 2nd quarter worth about $42,000.
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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