Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Shares Down 1% – Here’s Why

Shares of Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) traded down 1% during trading on Monday . The stock traded as low as $20.63 and last traded at $20.67. Approximately 864,673 shares were traded during mid-day trading, a decline of 15% from the average session volume of 1,013,593 shares. The stock had previously closed at $20.88.

Virtus InfraCap U.S. Preferred Stock ETF Stock Performance

The stock’s 50-day moving average is $21.15 and its two-hundred day moving average is $21.34.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Allied Private Wealth LLC bought a new stake in shares of Virtus InfraCap U.S. Preferred Stock ETF in the second quarter worth about $42,000. Sunbelt Securities Inc. boosted its stake in Virtus InfraCap U.S. Preferred Stock ETF by 177.3% during the first quarter. Sunbelt Securities Inc. now owns 56,816 shares of the company’s stock valued at $1,157,000 after buying an additional 36,328 shares during the last quarter. Bank of New York Mellon Corp grew its holdings 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 buying an additional 7,805 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Virtus InfraCap U.S. Preferred Stock ETF by 1.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 55,534 shares of the company’s stock valued at $1,131,000 after buying an additional 998 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its stake in Virtus InfraCap U.S. Preferred Stock ETF by 7.4% in the 1st quarter. Venturi Wealth Management LLC now owns 14,101 shares of the company’s stock worth $287,000 after acquiring an additional 972 shares during the last quarter.

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.