InfraCap REIT Preferred ETF (NYSEARCA:PFFR) Trading 0.2% Higher – Should You Buy?

InfraCap REIT Preferred ETF (NYSEARCA:PFFR)’s share price shot up 0.2% during trading on Wednesday . The stock traded as high as $18.13 and last traded at $18.11. 20,854 shares traded hands during trading, a decline of 36% from the average session volume of 32,348 shares. The stock had previously closed at $18.08.

InfraCap REIT Preferred ETF Stock Up 0.2%

The firm has a fifty day moving average of $18.42 and a two-hundred day moving average of $18.33.

Institutional Investors Weigh In On InfraCap REIT Preferred ETF

An institutional investor recently raised its position in InfraCap REIT Preferred ETF stock. Janney Montgomery Scott LLC boosted its stake in shares of InfraCap REIT Preferred ETF (NYSEARCA:PFFR) by 11.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,947 shares of the company’s stock after buying an additional 3,716 shares during the period. Janney Montgomery Scott LLC owned 0.70% of InfraCap REIT Preferred ETF worth $662,000 as of its most recent filing with the Securities & Exchange Commission.

InfraCap REIT Preferred ETF Company Profile

The InfraCap REIT Preferred ETF (PFFR) is an exchange-traded fund that is based on the Indxx REIT Preferred Stock index, a modified market-cap-weighted index of US-listed preferred securities issued by real estate investment trusts (REITs). PFFR was launched on Feb 7, 2017 and is managed by InfraCap.