Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Sees Unusually-High Trading Volume

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) saw strong trading volume on Wednesday . 129,522 shares changed hands during trading, a decline of 56% from the previous session’s volume of 295,242 shares.The stock last traded at $21.96 and had previously closed at $21.85.

Virtus InfraCap U.S. Preferred Stock ETF Trading Up 0.5 %

The business’s fifty day moving average price is $21.50 and its 200 day moving average price is $21.12.

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

A hedge fund recently raised its stake in Virtus InfraCap U.S. Preferred Stock ETF stock. Janney Montgomery Scott LLC increased its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) by 70.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 119,101 shares of the company’s stock after buying an additional 49,285 shares during the quarter. Janney Montgomery Scott LLC owned about 0.27% of Virtus InfraCap U.S. Preferred Stock ETF worth $2,495,000 as of its most recent filing with the Securities and Exchange Commission.

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.