InfraCap REIT Preferred ETF (NYSEARCA:PFFR) Trading Up 0.1% – Here’s Why

Shares of InfraCap REIT Preferred ETF (NYSEARCA:PFFR) shot up 0.1% during trading on Monday . The stock traded as high as $17.86 and last traded at $17.65. Approximately 65,671 shares changed hands during trading, an increase of 62% from the average session volume of 40,605 shares. The stock had previously closed at $17.63.

InfraCap REIT Preferred ETF Price Performance

The stock’s 50-day moving average price is $17.64 and its 200 day moving average price is $17.77.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in InfraCap REIT Preferred ETF stock. Janney Montgomery Scott LLC increased its position in InfraCap REIT Preferred ETF (NYSEARCA:PFFR) by 4.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,840 shares of the company’s stock after acquiring an additional 2,033 shares during the quarter. Janney Montgomery Scott LLC owned about 0.76% of InfraCap REIT Preferred ETF worth $808,000 at the end of the most recent quarter.

About InfraCap REIT Preferred ETF

The InfraCap REIT Preferred ETF (PFFR) is an exchange-traded fund that is based on the Indxx REIT Preferred Stock index, a modified market-cap-weighted index of US-listed preferred securities issued by real estate investment trusts (REITs). PFFR was launched on Feb 7, 2017 and is managed by InfraCap.