Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) Stock Price Up 0.2% – Here’s Why

Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS)’s stock price rose 0.2% during trading on Thursday. The stock traded as high as $24.02 and last traded at $23.89. 11,281 shares were traded during mid-day trading, an increase of 12% from the average session volume of 10,034 shares. The stock had previously closed at $23.85.

Virtus Newfleet ABS/MBS ETF Stock Performance

The stock has a 50 day moving average price of $23.89 and a 200 day moving average price of $24.14.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Virtus Newfleet ABS/MBS ETF stock. VestGen Advisors LLC lifted its stake in Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) by 6.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,479 shares of the company’s stock after acquiring an additional 2,581 shares during the period. VestGen Advisors LLC owned approximately 0.90% of Virtus Newfleet ABS/MBS ETF worth $1,007,000 at the end of the most recent reporting 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.