Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Sees Strong Trading Volume

Shares of Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) saw strong trading volume on Wednesday . 129,522 shares changed hands during mid-day trading, a decline of 56% from the previous session’s volume of 295,242 shares.The stock last traded at $21.96 and had previously closed at $21.85.

Virtus InfraCap U.S. Preferred Stock ETF Stock Performance

The stock has a 50-day moving average of $21.46 and a 200-day moving average of $21.11.

Institutional Investors Weigh In On Virtus InfraCap U.S. Preferred Stock ETF

An institutional investor recently raised its position in Virtus InfraCap U.S. Preferred Stock ETF stock. Janney Montgomery Scott LLC boosted its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) by 11.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,816 shares of the company’s stock after purchasing an additional 6,891 shares during the period. Janney Montgomery Scott LLC owned about 0.23% of Virtus InfraCap U.S. Preferred Stock ETF worth $1,446,000 at the end of the most recent 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.