Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Sees Strong Trading Volume – What’s Next?

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) shares saw unusually-high trading volume on Thursday . Approximately 551,003 shares were traded during trading, an increase of 54% from the previous session’s volume of 358,368 shares.The stock last traded at $21.95 and had previously closed at $22.00.

Virtus InfraCap U.S. Preferred Stock ETF Trading Down 0.4 %

The business has a 50-day moving average price of $22.59 and a two-hundred day moving average price of $22.10.

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

A number of large investors have recently modified their holdings of PFFA. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Virtus InfraCap U.S. Preferred Stock ETF in the third quarter valued at approximately $25,000. AlphaMark Advisors LLC grew its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF by 8.9% during the third quarter. AlphaMark Advisors LLC now owns 5,410 shares of the company’s stock worth $124,000 after purchasing an additional 441 shares during the last quarter. Finally, Hudson Valley Investment Advisors Inc. ADV acquired a new position in shares of Virtus InfraCap U.S. Preferred Stock ETF in the third quarter valued at approximately $274,000.

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.