InfraCap REIT Preferred ETF (NYSEARCA:PFFR) Stock Price Down 0.2% – Here’s Why

Shares of InfraCap REIT Preferred ETF (NYSEARCA:PFFR) dropped 0.2% during mid-day trading on Friday . The company traded as low as $18.47 and last traded at $18.50. Approximately 12,972 shares changed hands during trading, a decline of 59% from the average daily volume of 31,795 shares. The stock had previously closed at $18.54.

InfraCap REIT Preferred ETF Trading Down 0.2%

The business has a 50-day simple moving average of $18.14 and a 200-day simple moving average of $18.16.

Hedge Funds Weigh In On InfraCap REIT Preferred ETF

A hedge fund recently bought a new stake in InfraCap REIT Preferred ETF stock. Kingswood Wealth Advisors LLC bought a new stake in shares of InfraCap REIT Preferred ETF (NYSEARCA:PFFR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,929 shares of the company’s stock, valued at approximately $285,000. Kingswood Wealth Advisors LLC owned about 0.30% of InfraCap REIT Preferred ETF at the end of the most recent reporting period.

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.