Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Sees Unusually-High Trading Volume – Here’s What Happened

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) saw strong trading volume on Thursday . 368,026 shares traded hands during trading, an increase of 3% from the previous session’s volume of 357,419 shares.The stock last traded at $21.96 and had previously closed at $22.20.

Virtus InfraCap U.S. Preferred Stock ETF Stock Performance

The company’s fifty day moving average is $22.65 and its 200-day moving average is $22.08.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. AlphaMark Advisors LLC grew its position in shares of Virtus InfraCap U.S. Preferred Stock ETF by 8.9% in the 3rd quarter. AlphaMark Advisors LLC now owns 5,410 shares of the company’s stock worth $124,000 after buying an additional 441 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV acquired a new stake in Virtus InfraCap U.S. Preferred Stock ETF in the third quarter valued at approximately $274,000. Finally, 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.

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.