Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Shares Down 0.4% – Time to Sell?

Shares of Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) fell 0.4% during trading on Monday . The company traded as low as $22.66 and last traded at $22.67. 356,950 shares changed hands during trading, an increase of 1% from the average session volume of 354,138 shares. The stock had previously closed at $22.75.

Virtus InfraCap U.S. Preferred Stock ETF Trading Down 0.3 %

The firm’s 50-day simple moving average is $22.73 and its two-hundred day simple moving average is $22.02.

Institutional Trading of Virtus InfraCap U.S. Preferred Stock ETF

A number of institutional investors have recently bought and sold shares of the company. AlphaMark Advisors LLC raised its stake in shares of Virtus InfraCap U.S. Preferred Stock ETF by 8.9% during 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 purchased a new position in shares of Virtus InfraCap U.S. Preferred Stock ETF during the 3rd quarter worth approximately $274,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Virtus InfraCap U.S. Preferred Stock ETF during the 3rd quarter worth approximately $25,000.

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.