Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) saw unusually-high trading volume on Thursday . Approximately 368,026 shares traded hands during mid-day trading, an increase of 3% from the previous session’s volume of 357,419 shares.The stock last traded at $21.96 and had previously closed at $22.20.

Virtus InfraCap U.S. Preferred Stock ETF Trading Down 1.2 %

The business’s 50-day moving average price is $22.70 and its 200 day moving average price is $22.07.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Hudson Valley Investment Advisors Inc. ADV purchased a new stake in Virtus InfraCap U.S. Preferred Stock ETF during the third quarter valued at about $274,000. AlphaMark Advisors LLC boosted its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF by 8.9% in the 3rd quarter. AlphaMark Advisors LLC now owns 5,410 shares of the company’s stock worth $124,000 after purchasing an additional 441 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Virtus InfraCap U.S. Preferred Stock ETF during the 3rd quarter valued at about $25,000.

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.