Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Shares Up 0.2% – Time to Buy?

Shares of Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) shot up 0.2% during mid-day trading on Monday . The company traded as high as $21.17 and last traded at $21.10. 635,335 shares changed hands during trading, an increase of 24% from the average session volume of 510,409 shares. The stock had previously closed at $21.05.

Virtus InfraCap U.S. Preferred Stock ETF Stock Performance

The company’s 50-day simple moving average is $20.73 and its 200 day simple moving average is $21.25.

Hedge Funds Weigh In On Virtus InfraCap U.S. Preferred Stock ETF

Several institutional investors have recently bought and sold shares of PFFA. Anderson Financial Strategies LLC bought a new stake in Virtus InfraCap U.S. Preferred Stock ETF during the 4th quarter valued at $7,202,000. AdvisorNet Financial Inc increased its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF by 10,834.7% in the first quarter. AdvisorNet Financial Inc now owns 115,470 shares of the company’s stock worth $2,449,000 after purchasing an additional 114,414 shares during the period. Future Financial Wealth Managment LLC grew its position in Virtus InfraCap U.S. Preferred Stock ETF by 384.0% in the first quarter. Future Financial Wealth Managment LLC now owns 124,424 shares of the company’s stock worth $2,639,000 after acquiring an additional 98,718 shares in the last quarter. Financial Gravity Asset Management Inc. purchased a new position in Virtus InfraCap U.S. Preferred Stock ETF in the first quarter worth $1,539,000. Finally, Anfield Capital Management LLC grew its position in Virtus InfraCap U.S. Preferred Stock ETF by 39.7% in the first quarter. Anfield Capital Management LLC now owns 5,208 shares of the company’s stock worth $110,000 after acquiring an additional 1,481 shares in the last quarter.

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.