Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Stock Price Down 0.7% – What’s Next?

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA)’s stock price fell 0.7% during trading on Thursday . The stock traded as low as $21.57 and last traded at $21.68. 332,047 shares were traded during mid-day trading, a decline of 19% from the average session volume of 410,397 shares. The stock had previously closed at $21.83.

Virtus InfraCap U.S. Preferred Stock ETF Stock Down 0.7 %

The firm has a fifty day moving average of $21.99 and a 200 day moving average of $22.35.

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

Several large investors have recently bought and sold shares of PFFA. AlphaMark Advisors LLC grew its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF by 18.7% during the fourth quarter. AlphaMark Advisors LLC now owns 6,423 shares of the company’s stock worth $141,000 after purchasing an additional 1,013 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of Virtus InfraCap U.S. Preferred Stock ETF during the fourth quarter worth about $563,000. Janney Montgomery Scott LLC grew its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF by 10.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 44,819 shares of the company’s stock worth $982,000 after purchasing an additional 4,193 shares during the last quarter. Finally, Anderson Financial Strategies LLC purchased a new position in shares of Virtus InfraCap U.S. Preferred Stock ETF during the fourth quarter worth about $7,202,000.

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.