Janney Montgomery Scott LLC Reduces Position in Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA)

Janney Montgomery Scott LLC reduced its position in Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) by 22.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,626 shares of the company’s stock after selling 11,585 shares during the quarter. Janney Montgomery Scott LLC owned 0.09% of Virtus InfraCap U.S. Preferred Stock ETF worth $928,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Hudson Valley Investment Advisors Inc. ADV bought a new stake in shares of Virtus InfraCap U.S. Preferred Stock ETF during the third quarter worth $274,000. AlphaMark Advisors LLC increased its stake in Virtus InfraCap U.S. Preferred Stock ETF by 8.9% in 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 period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Virtus InfraCap U.S. Preferred Stock ETF in the 3rd quarter worth about $25,000.

Virtus InfraCap U.S. Preferred Stock ETF Price Performance

Shares of NYSEARCA:PFFA opened at $22.65 on Friday. The business’s 50 day moving average is $22.75 and its 200 day moving average is $21.81. Virtus InfraCap U.S. Preferred Stock ETF has a 52-week low of $18.72 and a 52-week high of $23.24.

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.