Virtus InfraCap U.S. Preferred Stock ETF (PFFA)
Virtus InfraCap U.S. Preferred Stock ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Hartford, CT, US. The stock last traded at $19.94, down 0.60% on the session, giving a market capitalisation of $2.32B. Its beta of 1.07 implies it has historically moved more than the broad market.
PFFA is an actively managed preferred stock ETF that focuses on preferred equity listed in the US and utilizes a variety of active management strategies. Specifically, the portfolio manager analyzes companies based on fundamentals while generally eliminating exposure to callable securities. A distinguishing characteristic of PFFA is that it uses margin to modestly leverage the portfolio, with a target leverage of 15-25% and a cap of 33% of fund assets (an effective maximum leverage ratio of 1.25x). The fund may engage in active and frequent trading of portfolio securities, at its discretion, to meet its investment objectives.
Virtus InfraCap U.S. Preferred Stock ETF is most often compared with the following Financial Services names: