Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Sets New 52-Week Low – What’s Next?

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA)’s share price reached a new 52-week low during trading on Tuesday. The company traded as low as $18.52 and last traded at $18.49, with a volume of 150,460 shares. The stock had previously closed at $18.54.

Virtus InfraCap U.S. Preferred Stock ETF Trading Up 0.0%

The firm has a fifty day moving average of $19.95 and a 200-day moving average of $20.91.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sunbelt Securities Inc. grew its stake in shares of 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 worth $1,157,000 after buying an additional 36,328 shares during the last quarter. Adams Asset Advisors LLC bought a new position in shares of Virtus InfraCap U.S. Preferred Stock ETF in the 3rd quarter valued at $5,645,000. NFSG Corp lifted its stake in shares of Virtus InfraCap U.S. Preferred Stock ETF by 6.5% in the 3rd quarter. NFSG Corp now owns 110,905 shares of the company’s stock valued at $2,190,000 after acquiring an additional 6,760 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings 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 acquiring an additional 3,086 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of 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 acquiring an additional 998 shares in the last quarter.

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.