Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Hits New 12-Month Low – Time to Sell?

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $20.22 and last traded at $20.2310, with a volume of 996072 shares. The stock had previously closed at $20.45.

Virtus InfraCap U.S. Preferred Stock ETF Stock Down 1.1%

The firm’s fifty day moving average is $20.80 and its 200 day moving average is $21.03.

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

Institutional investors have recently made changes to their positions in the business. Sunbelt Securities Inc. grew its position in Virtus InfraCap U.S. Preferred Stock ETF by 177.3% in the 1st quarter. Sunbelt Securities Inc. now owns 56,816 shares of the company’s stock worth $1,157,000 after purchasing an additional 36,328 shares during the last quarter. AdvisorNet Financial Inc increased its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF by 3.1% during the 1st quarter. AdvisorNet Financial Inc now owns 304,877 shares of the company’s stock worth $6,207,000 after purchasing an additional 9,144 shares during the period. Bank of New York Mellon Corp raised its position in shares of Virtus InfraCap U.S. Preferred Stock ETF by 31.0% during the first quarter. Bank of New York Mellon Corp now owns 32,974 shares of the company’s stock valued at $671,000 after buying an additional 7,805 shares during the last quarter. Allied Private Wealth LLC acquired a new position in shares of Virtus InfraCap U.S. Preferred Stock ETF during the second quarter valued at about $42,000. Finally, Tsfg LLC bought a new stake in shares of Virtus InfraCap U.S. Preferred Stock ETF in the second quarter valued at about $29,000.

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. PFFA was launched on May 15, 2018 and is managed by Virtus.