Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Reaches New 52-Week Low – Should You Sell?

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) shares hit a new 52-week low on Wednesday. The company traded as low as $19.50 and last traded at $19.5850, with a volume of 157271 shares trading hands. The stock had previously closed at $19.74.

Virtus InfraCap U.S. Preferred Stock ETF Stock Down 0.8%

The company has a fifty day moving average price of $20.64 and a two-hundred day moving average price of $20.93.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of PFFA. Noble Wealth Management PBC purchased a new stake in shares of Virtus InfraCap U.S. Preferred Stock ETF during the third quarter worth approximately $30,000. Tsfg LLC acquired a new position in Virtus InfraCap U.S. Preferred Stock ETF in the 2nd quarter valued at $29,000. Allied Private Wealth LLC purchased a new position in Virtus InfraCap U.S. Preferred Stock ETF during the 2nd quarter worth $42,000. Sunbelt Securities Inc. raised its position in Virtus InfraCap U.S. Preferred Stock ETF by 177.3% during the 1st quarter. Sunbelt Securities Inc. now owns 56,816 shares of the company’s stock worth $1,157,000 after buying an additional 36,328 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Virtus InfraCap U.S. Preferred Stock ETF by 31.0% in the 1st quarter. Bank of New York Mellon Corp now owns 32,974 shares of the company’s stock worth $671,000 after acquiring an additional 7,805 shares during the period.

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