Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) Trading Up 0.1% – Should You Buy?

Shares of Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) traded up 0.1% on Wednesday . The company traded as high as $24.16 and last traded at $24.16. 124 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 6,006 shares. The stock had previously closed at $24.13.

Virtus Newfleet ABS/MBS ETF Trading Up 0.1%

The business has a fifty day simple moving average of $24.33 and a 200-day simple moving average of $24.34.

Virtus Newfleet ABS/MBS ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were given a dividend of $0.107 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Friday, February 20th. This is a boost from Virtus Newfleet ABS/MBS ETF’s previous monthly dividend of $0.05.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC increased its stake in Virtus Newfleet ABS/MBS ETF by 45.6% in the first quarter. Jane Street Group LLC now owns 28,114 shares of the company’s stock valued at $686,000 after purchasing an additional 8,799 shares in the last quarter. Virtus Fixed Income Advisers LLC bought a new position in shares of Virtus Newfleet ABS/MBS ETF during the 2nd quarter worth about $32,443,000. Stapp Wealth Management Pllc boosted its position in shares of Virtus Newfleet ABS/MBS ETF by 10.2% during the 3rd quarter. Stapp Wealth Management Pllc now owns 75,424 shares of the company’s stock worth $1,835,000 after purchasing an additional 6,959 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of Virtus Newfleet ABS/MBS ETF in the 3rd quarter valued at about $608,000. Finally, PFG Advisors grew its stake in shares of Virtus Newfleet ABS/MBS ETF by 16.1% in the 4th quarter. PFG Advisors now owns 58,747 shares of the company’s stock valued at $1,425,000 after buying an additional 8,150 shares during the period.

Virtus Newfleet ABS/MBS ETF Company Profile

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.