Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Sees Strong Trading Volume – Time to Buy?

Shares of Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) saw unusually-high trading volume on Thursday . Approximately 368,026 shares were traded during trading, an increase of 3% from the previous session’s volume of 357,419 shares.The stock last traded at $21.96 and had previously closed at $22.20.

Virtus InfraCap U.S. Preferred Stock ETF Trading Down 1.2 %

The business’s fifty day moving average is $22.70 and its 200-day moving average is $22.07.

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

A number of large investors have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Virtus InfraCap U.S. Preferred Stock ETF during the 3rd quarter valued at $25,000. AlphaMark Advisors LLC lifted its holdings in 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 purchasing an additional 441 shares in the last quarter. Finally, Hudson Valley Investment Advisors Inc. ADV purchased a new stake in Virtus InfraCap U.S. Preferred Stock ETF during the 3rd quarter worth about $274,000.

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.