Virtus InfraCap Preferred and Income Securities ETF (VPFF)

Virtus InfraCap Preferred and Income Securities ETF (VPFF) is an actively managed exchange-traded fund that invests mainly in preferred stocks and other income-producing securities. Preferred shares rank above common stock in a company's capital structure and typically pay fixed or floating dividends.

The portfolio is managed by Infrastructure Capital Advisors (InfraCap), which selects securities based on credit quality, yield and call features. The fund seeks current income, and its holdings span issuers in sectors such as financials, utilities, real estate and energy. Many preferred securities are callable, and the managers consider call dates and pricing when assessing potential returns.

The fund is sponsored by Virtus Investment Partners, a Hartford, Connecticut-based asset manager that partners with InfraCap on preferred stock strategies.