Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Sees Large Volume Increase – Still a Buy?

Shares of Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) saw unusually-high trading volume on Friday . Approximately 734,961 shares traded hands during mid-day trading, an increase of 126% from the previous session’s volume of 325,348 shares.The stock last traded at $22.86 and had previously closed at $22.78.

Virtus InfraCap U.S. Preferred Stock ETF Stock Up 0.8 %

The company has a 50 day moving average of $22.19 and a 200 day moving average of $21.43.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Virtus InfraCap U.S. Preferred Stock ETF stock. Janney Montgomery Scott LLC raised its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) by 70.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 119,101 shares of the company’s stock after buying an additional 49,285 shares during the quarter. Janney Montgomery Scott LLC owned about 0.27% of Virtus InfraCap U.S. Preferred Stock ETF worth $2,495,000 as of its most recent SEC filing.

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.