Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Shares Down 0.4% – Should You Sell?

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA)’s share price was down 0.4% on Monday . The stock traded as low as $22.66 and last traded at $22.67. Approximately 356,950 shares traded hands during mid-day trading, an increase of 1% from the average daily volume of 354,138 shares. The stock had previously closed at $22.75.

Virtus InfraCap U.S. Preferred Stock ETF Stock Performance

The firm has a 50 day simple moving average of $22.73 and a 200-day simple moving average of $22.01.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Virtus InfraCap U.S. Preferred Stock ETF during the third quarter worth about $25,000. AlphaMark Advisors LLC boosted its position in shares of Virtus InfraCap U.S. Preferred Stock ETF by 8.9% during the 3rd quarter. AlphaMark Advisors LLC now owns 5,410 shares of the company’s stock worth $124,000 after purchasing an additional 441 shares during the period. Finally, Hudson Valley Investment Advisors Inc. ADV purchased a new position in shares of Virtus InfraCap U.S. Preferred Stock ETF during the 3rd quarter worth approximately $274,000.

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.