4-Nov-2024
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The Fund seeks investment results that correspond, before fees and expenses, to the price and yield performance of the Indxx REIT Preferred Stock Index. Under normal market conditions, the fund will invest not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in U.S. preferred stock, and in derivatives and other instruments that have economic characteristics similar to such investments. The Sub-Adviser actively manages the funds assets pursuant to a variety of quantitative, qualitative and relative valuation factors. The fund is non-diversified.
Virtus Infracap U.S. Preferred Stock ETF trades on the ARCA stock market under the symbol PFFA.
As of November 4, 2024, PFFA stock price climbed to $22.58 with 364,596 million shares trading.
PFFA has a beta of 0.43, meaning it tends to be less sensitive to market movements. PFFA has a correlation of 0.22 to the broad based SPY ETF.
PFFA has a market cap of $1.39 billion. This is considered a Small Cap stock.
In the last 3 years, PFFA traded as high as $25.34 and as low as $17.83.
PFFA has underperformed the market in the last year with a return of +30.5%, while SPY returned +36.5%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in PFFA shares. However, PFFA has outperformed the market in the last 3 month and 2 week periods, returning +6.9% and -2.0%, while SPY returned +5.3% and -2.5%, respectively. This indicates PFFA has been having a stronger performance recently.
PFFA support price is $22.40 and resistance is $22.70 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PFFA shares will trade within this expected range on the day.