Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Hits New 1-Year Low – Time to Sell?

Shares of Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA – Get Free Report) reached a new 52-week low during trading on Tuesday. The stock traded as low as $18.38 and last traded at $18.3950, with a volume of 360,638 shares traded. The stock had previously closed at $18.65.

Virtus InfraCap U.S. Preferred Stock ETF Stock Down 0.3%

The stock’s 50 day moving average price is $19.61 and its two-hundred day moving average price is $20.79.

Institutional Investors Weigh In On Virtus InfraCap U.S. Preferred Stock ETF

Several institutional investors and hedge funds have recently modified their holdings of PFFA. NFSG Corp boosted its position in Virtus InfraCap U.S. Preferred Stock ETF by 6.5% during the third quarter. NFSG Corp now owns 110,905 shares of the company’s stock worth $2,190,000 after purchasing an additional 6,760 shares during the period. Farther Finance Advisors LLC boosted its holdings in Virtus InfraCap U.S. Preferred Stock ETF by 11.7% during the third quarter. Farther Finance Advisors LLC now owns 29,442 shares of the company’s stock valued at $581,000 after purchasing an additional 3,086 shares in the last quarter. Adams Asset Advisors LLC acquired a new stake in Virtus InfraCap U.S. Preferred Stock ETF during the third quarter valued at approximately $5,645,000. Noble Wealth Management PBC bought a new stake in shares of Virtus InfraCap U.S. Preferred Stock ETF in the 3rd quarter valued at approximately $30,000. Finally, Tsfg LLC bought a new stake in shares of Virtus InfraCap U.S. Preferred Stock ETF in the 2nd quarter valued at approximately $29,000.

About Virtus InfraCap U.S. Preferred Stock ETF

(Get Free Report)

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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