Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Sets New 12-Month Low – Here’s What Happened

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA)’s stock price hit 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 trading hands. The stock had previously closed at $18.65.

Virtus InfraCap U.S. Preferred Stock ETF Trading Down 1.5%

The business has a fifty day moving average price of $19.72 and a 200 day moving average price of $20.83.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Adams Asset Advisors LLC bought a new stake in Virtus InfraCap U.S. Preferred Stock ETF during the third quarter worth approximately $5,645,000. NFSG Corp boosted its stake in Virtus InfraCap U.S. Preferred Stock ETF by 6.5% during the 3rd quarter. NFSG Corp now owns 110,905 shares of the company’s stock valued at $2,190,000 after purchasing an additional 6,760 shares in the last quarter. Sunbelt Securities Inc. boosted its stake 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 valued at $1,157,000 after purchasing an additional 36,328 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Virtus InfraCap U.S. Preferred Stock ETF by 31.0% during the 1st quarter. Bank of New York Mellon Corp now owns 32,974 shares of the company’s stock valued at $671,000 after purchasing an additional 7,805 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Virtus InfraCap U.S. Preferred Stock ETF by 11.7% during the 3rd 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 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.