Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Sees Strong Trading Volume – Should You Buy?

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) shares saw unusually-strong trading volume on Thursday . Approximately 551,003 shares were traded during mid-day trading, an increase of 54% from the previous session’s volume of 358,368 shares.The stock last traded at $21.95 and had previously closed at $22.00.

Virtus InfraCap U.S. Preferred Stock ETF Trading Down 0.4 %

The company has a 50-day moving average of $22.59 and a 200-day moving average of $22.10.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Virtus InfraCap U.S. Preferred Stock ETF in the third quarter worth $25,000. AlphaMark Advisors LLC grew its position in Virtus InfraCap U.S. Preferred Stock ETF by 8.9% during the third quarter. AlphaMark Advisors LLC now owns 5,410 shares of the company’s stock valued at $124,000 after buying an additional 441 shares during the period. Finally, Hudson Valley Investment Advisors Inc. ADV purchased a new stake in Virtus InfraCap U.S. Preferred Stock ETF during the third quarter worth about $274,000.

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.