AdvisorNet Financial Inc Has $6.37 Million Stock Holdings in Virtus InfraCap U.S. Preferred Stock ETF $PFFA

AdvisorNet Financial Inc lifted its stake in shares of Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) by 37.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 295,733 shares of the company’s stock after acquiring an additional 80,180 shares during the quarter. AdvisorNet Financial Inc owned approximately 0.30% of Virtus InfraCap U.S. Preferred Stock ETF worth $6,373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its stake in shares of Virtus InfraCap U.S. Preferred Stock ETF by 50.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,000 shares of the company’s stock valued at $62,000 after purchasing an additional 1,000 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Virtus InfraCap U.S. Preferred Stock ETF by 153,000.0% in the third quarter. Farther Finance Advisors LLC now owns 3,062 shares of the company’s stock valued at $66,000 after buying an additional 3,060 shares during the period. Venturi Wealth Management LLC boosted its position in Virtus InfraCap U.S. Preferred Stock ETF by 19.2% during the third quarter. Venturi Wealth Management LLC now owns 13,376 shares of the company’s stock valued at $290,000 after acquiring an additional 2,159 shares during the last quarter. NewEdge Advisors LLC boosted its position in Virtus InfraCap U.S. Preferred Stock ETF by 115.5% during the third quarter. NewEdge Advisors LLC now owns 17,881 shares of the company’s stock valued at $388,000 after acquiring an additional 9,584 shares during the last quarter. Finally, Triumph Capital Management grew its holdings in Virtus InfraCap U.S. Preferred Stock ETF by 2.4% during the 3rd quarter. Triumph Capital Management now owns 21,936 shares of the company’s stock worth $476,000 after acquiring an additional 518 shares during the period.

Virtus InfraCap U.S. Preferred Stock ETF Price Performance

Shares of NYSEARCA:PFFA opened at $20.63 on Friday. The business’s 50-day moving average is $21.33 and its 200-day moving average is $21.56. Virtus InfraCap U.S. Preferred Stock ETF has a 1 year low of $19.20 and a 1 year high of $22.50.

Virtus InfraCap U.S. Preferred Stock ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were paid a $0.1725 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) annualized dividend and a yield of 10.0%.

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. PFFA was launched on May 15, 2018 and is managed by Virtus.