Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) Stock Price Up 0.1% – Here’s Why
by Jessica Moore · The Cerbat GemShares of Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS – Get Free Report) rose 0.1% during trading on Wednesday . The stock traded as high as $24.25 and last traded at $24.24. Approximately 9,611 shares changed hands during trading, a decline of 47% from the average daily volume of 17,971 shares. The stock had previously closed at $24.22.
Virtus Newfleet ABS/MBS ETF Price Performance
The business’s 50-day simple moving average is $24.32 and its two-hundred day simple moving average is $24.42.
Hedge Funds Weigh In On Virtus Newfleet ABS/MBS ETF
A number of hedge funds have recently bought and sold shares of VABS. HighTower Advisors LLC increased its position in shares of Virtus Newfleet ABS/MBS ETF by 65.5% in the first quarter. HighTower Advisors LLC now owns 21,325 shares of the company’s stock valued at $520,000 after buying an additional 8,436 shares in the last quarter. Creative Financial Designs Inc. ADV purchased a new position in shares of Virtus Newfleet ABS/MBS ETF during the 2nd quarter valued at approximately $4,799,000. Virtus Fixed Income Advisers LLC acquired a new stake in Virtus Newfleet ABS/MBS ETF in the 2nd quarter valued at $32,443,000. PFG Advisors increased its holdings in Virtus Newfleet ABS/MBS ETF by 5.4% in the 2nd quarter. PFG Advisors now owns 52,555 shares of the company’s stock worth $1,290,000 after acquiring an additional 2,711 shares in the last quarter. Finally, Envestnet Asset Management Inc. purchased a new stake in Virtus Newfleet ABS/MBS ETF in the 3rd quarter worth $608,000.
About Virtus Newfleet ABS/MBS ETF
The Virtus Newfleet ABS\u002FMBS ETF (VABS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that invests in US asset-backed and mortgage-backed securities guaranteed by both government and non-government entities. VABS was launched on Feb 9, 2021 and is managed by Virtus.