Infracap REIT Preferred ETF (NYSEARCA:PFFR) Trading Down 0.4% – What’s Next?

Shares of Infracap REIT Preferred ETF (NYSEARCA:PFFR) fell 0.4% on Wednesday . The company traded as low as $18.35 and last traded at $18.43. 18,228 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 34,203 shares. The stock had previously closed at $18.50.

Infracap REIT Preferred ETF Stock Down 0.4 %

The company’s 50 day simple moving average is $18.62 and its 200 day simple moving average is $19.09.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Infracap REIT Preferred ETF stock. Janney Montgomery Scott LLC grew its position in Infracap REIT Preferred ETF (NYSEARCA:PFFR) by 60.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,009 shares of the company’s stock after purchasing an additional 6,798 shares during the period. Janney Montgomery Scott LLC owned approximately 0.40% of Infracap REIT Preferred ETF worth $333,000 at the end of the most recent quarter.

About Infracap REIT Preferred ETF

The InfraCap REIT Preferred ETF (PFFR) is an exchange-traded fund that is based on the Indxx REIT Preferred Stock index, a modified market-cap-weighted index of US-listed preferred securities issued by real estate investment trusts (REITs). PFFR was launched on Feb 7, 2017 and is managed by InfraCap.