Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Reaches New 12-Month Low – Should You Sell?

Shares of Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) hit a new 52-week low during trading on Tuesday. The company traded as low as $19.03 and last traded at $19.07, with a volume of 15,073 shares trading hands. The stock had previously closed at $19.20.

Virtus InfraCap U.S. Preferred Stock ETF Stock Performance

The company’s fifty day simple moving average is $20.31 and its two-hundred day simple moving average is $20.84.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Adams Asset Advisors LLC acquired a new stake in shares of Virtus InfraCap U.S. Preferred Stock ETF in the 3rd quarter worth about $5,645,000. NFSG Corp lifted its position in 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 in the last quarter. Sunbelt Securities Inc. boosted its stake in Virtus InfraCap U.S. Preferred Stock ETF by 177.3% during the 1st quarter. Sunbelt Securities Inc. now owns 56,816 shares of the company’s stock valued at $1,157,000 after purchasing an additional 36,328 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in 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 purchasing an additional 998 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Virtus InfraCap U.S. Preferred Stock ETF by 31.0% during the 1st quarter. Bank of New York Mellon Corp now owns 32,974 shares of the company’s stock valued at $671,000 after purchasing an additional 7,805 shares during the last 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. PFFA was launched on May 15, 2018 and is managed by Virtus.