Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Hits New 12-Month Low – Here’s What Happened

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA)’s share price reached a new 52-week low on Tuesday. The stock traded as low as $18.52 and last traded at $18.49, with a volume of 150,460 shares changing hands. The stock had previously closed at $18.54.

Virtus InfraCap U.S. Preferred Stock ETF Price Performance

The business has a 50-day moving average of $19.87 and a 200-day moving average of $20.88.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Adams Asset Advisors LLC purchased a new stake in Virtus InfraCap U.S. Preferred Stock ETF in the 3rd quarter valued at $5,645,000. NFSG Corp grew its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF by 6.5% during the third quarter. NFSG Corp now owns 110,905 shares of the company’s stock worth $2,190,000 after buying an additional 6,760 shares during the last quarter. Sunbelt Securities Inc. grew its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF by 177.3% during the first 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. Janney Montgomery Scott LLC grew its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF by 1.8% during the first quarter. Janney Montgomery Scott LLC now owns 55,534 shares of the company’s stock worth $1,131,000 after buying an additional 998 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF by 31.0% during the first quarter. Bank of New York Mellon Corp now owns 32,974 shares of the company’s stock worth $671,000 after buying an additional 7,805 shares during the last quarter.

About Virtus InfraCap U.S. Preferred Stock ETF

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.