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May 18, 2018updated 21 May 2018 8:00am

Virtus ETF Solutions, InfraCap launch Preferred Stock ETF

Virtus Investment Partners affiliate Virtus ETF Solutions has partnered with Infrastructure Capital Advisors to launch the Virtus InfraCap US Preferred Stock ETF.

These stocks have started trading under the ticker ‘PFFA’ on NYSE Arca.

The fund will invest in a portfolio comprising more than 100 preferred securities issued by US companies.

“We are excited to offer PFFA because the nuances of preferred stock investing demands active management, which we can provide in an ETF form,” Hatfield said. “Investors can benefit from active management in this sector, as the call features of preferred stock often require portfolio managers to avoid capital losses on mandatory calls.”

InfraCap founder and CEO Jay Hatfield said: “We are excited to offer PFFA because the nuances of preferred stock investing demands active management, which we can provide in an ETF form.

“Investors can benefit from active management in this sector, as the call features of preferred stock often require portfolio managers to avoid capital losses on mandatory calls.”

Portfolio managers assess various factors to select securities and weightings for the fund.

Before investment, they assess the companies on their competitive position, potential of yielding high returns on capital, stability and reliability of profits.

The new ETF will complement the two other InfraCap products on the Virtus ETF platform. They are the InfraCap MLP ETF (AMZA) and InfraCap Preferred REIT ETF.

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