Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Reaches New 1-Year Low – Here’s Why

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA)’s stock price reached a new 52-week low during trading on Tuesday. The company traded as low as $19.35 and last traded at $19.3950, with a volume of 527,260 shares traded. The stock had previously closed at $19.38.

Virtus InfraCap U.S. Preferred Stock ETF Stock Performance

The business has a 50 day moving average of $20.55 and a 200 day moving average of $20.91.

Institutional Trading of Virtus InfraCap U.S. Preferred Stock ETF

A number of large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF by 11.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 29,442 shares of the company’s stock worth $581,000 after acquiring an additional 3,086 shares in the last quarter. Adams Asset Advisors LLC bought a new position in shares of Virtus InfraCap U.S. Preferred Stock ETF during the 3rd quarter valued at approximately $5,645,000. Noble Wealth Management PBC bought a new position in shares of Virtus InfraCap U.S. Preferred Stock ETF during the 3rd quarter valued at approximately $30,000. Tsfg LLC purchased a new position in shares of Virtus InfraCap U.S. Preferred Stock ETF in the second quarter valued at $29,000. Finally, Allied Private Wealth LLC purchased a new position in shares of Virtus InfraCap U.S. Preferred Stock ETF in the second quarter valued at $42,000.

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.