Chung Wu Investment Group LLC Sells 23,500 Shares of Virtus InfraCap U.S. Preferred Stock ETF $PFFA

Chung Wu Investment Group LLC lowered its holdings in Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) by 34.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,240 shares of the company’s stock after selling 23,500 shares during the period. Virtus InfraCap U.S. Preferred Stock ETF comprises about 1.0% of Chung Wu Investment Group LLC’s portfolio, making the stock its 25th largest holding. Chung Wu Investment Group LLC owned 0.06% of Virtus InfraCap U.S. Preferred Stock ETF worth $922,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of PFFA. Financial Gravity Asset Management Inc. bought a new stake in shares of Virtus InfraCap U.S. Preferred Stock ETF during the 1st quarter worth approximately $1,539,000. AdvisorNet Financial Inc grew its position in shares of Virtus InfraCap U.S. Preferred Stock ETF by 38.7% in the second quarter. AdvisorNet Financial Inc now owns 160,155 shares of the company’s stock valued at $3,336,000 after purchasing an additional 44,685 shares during the last quarter. Future Financial Wealth Managment LLC grew its holdings in Virtus InfraCap U.S. Preferred Stock ETF by 22.7% in the 2nd quarter. Future Financial Wealth Managment LLC now owns 152,691 shares of the company’s stock valued at $3,181,000 after buying an additional 28,267 shares in the last quarter. Finally, Anfield Capital Management LLC raised its stake in Virtus InfraCap U.S. Preferred Stock ETF by 39.7% in the 1st quarter. Anfield Capital Management LLC now owns 5,208 shares of the company’s stock worth $110,000 after purchasing an additional 1,481 shares in the last quarter.

Virtus InfraCap U.S. Preferred Stock ETF Trading Up 0.3%

NYSEARCA PFFA opened at $21.93 on Monday. The company has a 50 day moving average of $21.82 and a 200-day moving average of $21.12. Virtus InfraCap U.S. Preferred Stock ETF has a 1-year low of $19.20 and a 1-year high of $23.24.

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.