Anderson Financial Strategies LLC Takes $7.20 Million Position in Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA)

Anderson Financial Strategies LLC acquired a new stake in Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 328,838 shares of the company’s stock, valued at approximately $7,202,000. Virtus InfraCap U.S. Preferred Stock ETF accounts for 4.3% of Anderson Financial Strategies LLC’s portfolio, making the stock its 9th biggest holding. Anderson Financial Strategies LLC owned about 0.73% of Virtus InfraCap U.S. Preferred Stock ETF at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. AlphaMark Advisors LLC raised its holdings in Virtus InfraCap U.S. Preferred Stock ETF by 18.7% in the 4th quarter. AlphaMark Advisors LLC now owns 6,423 shares of the company’s stock worth $141,000 after purchasing an additional 1,013 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new position in Virtus InfraCap U.S. Preferred Stock ETF during the fourth quarter valued at $563,000. Finally, Janney Montgomery Scott LLC raised its holdings in Virtus InfraCap U.S. Preferred Stock ETF by 10.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 44,819 shares of the company’s stock worth $982,000 after buying an additional 4,193 shares during the last quarter.

Virtus InfraCap U.S. Preferred Stock ETF Stock Performance

PFFA stock opened at $20.89 on Friday. Virtus InfraCap U.S. Preferred Stock ETF has a 1-year low of $19.20 and a 1-year high of $23.24. The business has a fifty day moving average price of $20.97 and a 200-day moving average price of $21.87.

Virtus InfraCap U.S. Preferred Stock ETF 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.