Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Trading Down 0.4% – Here’s Why

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) fell 0.4% on Tuesday . The company traded as low as $21.39 and last traded at $21.43. 1,350,636 shares were traded during trading, an increase of 34% from the average session volume of 1,006,977 shares. The stock had previously closed at $21.52.

Virtus InfraCap U.S. Preferred Stock ETF Trading Down 0.5%

The stock has a fifty day moving average of $21.18 and a two-hundred day moving average of $21.48.

Hedge Funds Weigh In On Virtus InfraCap U.S. Preferred Stock ETF

A number of large investors have recently modified their holdings of the company. AdvisorNet Financial Inc grew its position in shares of Virtus InfraCap U.S. Preferred Stock ETF by 37.2% in the 4th quarter. AdvisorNet Financial Inc now owns 295,733 shares of the company’s stock worth $6,373,000 after buying an additional 80,180 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Virtus InfraCap U.S. Preferred Stock ETF by 34,786.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 53,028 shares of the company’s stock worth $1,151,000 after buying an additional 52,876 shares during the last quarter. Sunbelt Securities Inc. grew its position in shares of Virtus InfraCap U.S. Preferred Stock ETF by 177.3% in the 1st 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. Farther Finance Advisors LLC grew its position in shares of Virtus InfraCap U.S. Preferred Stock ETF by 514.1% in the 4th quarter. Farther Finance Advisors LLC now owns 18,805 shares of the company’s stock worth $405,000 after buying an additional 15,743 shares during the last quarter. Finally, Kelleher Financial Advisors bought a new stake in shares of Virtus InfraCap U.S. Preferred Stock ETF in the 4th quarter worth approximately $321,000.

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.