Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) Trading Down 0.1% – Here’s What Happened

Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) dropped 0.1% during trading on Thursday . The company traded as low as $24.21 and last traded at $24.20. Approximately 1,472 shares were traded during mid-day trading, a decline of 88% from the average session volume of 12,112 shares. The stock had previously closed at $24.22.

Virtus Newfleet ABS/MBS ETF Price Performance

The business’s 50 day moving average is $24.17 and its 200-day moving average is $24.22.

Institutional Investors Weigh In On Virtus Newfleet ABS/MBS ETF

A number of hedge funds have recently added to or reduced their stakes in VABS. Jane Street Group LLC grew its stake in Virtus Newfleet ABS/MBS ETF by 45.6% in the 1st 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 during the period. Envestnet Asset Management Inc. purchased a new stake in Virtus Newfleet ABS/MBS ETF in the third quarter valued at approximately $608,000. PFG Advisors raised its position in Virtus Newfleet ABS/MBS ETF by 16.1% during the fourth quarter. PFG Advisors now owns 58,747 shares of the company’s stock valued at $1,425,000 after purchasing an additional 8,150 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Virtus Newfleet ABS/MBS ETF by 1.4% in the 4th quarter. HighTower Advisors LLC now owns 35,623 shares of the company’s stock worth $864,000 after acquiring an additional 503 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its stake in shares of Virtus Newfleet ABS/MBS ETF by 0.3% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 196,470 shares of the company’s stock valued at $4,765,000 after acquiring an additional 640 shares during the last quarter.

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.