Virtus Fixed Income Advisers LLC Buys Shares of 1,321,518 Virtus Newfleet ABS/MBS ETF $VABS

Virtus Fixed Income Advisers LLC purchased a new position in shares of Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) during the 2nd quarter, HoldingsChannel reports. The firm purchased 1,321,518 shares of the company’s stock, valued at approximately $32,443,000. Virtus Newfleet ABS/MBS ETF accounts for about 29.5% of Virtus Fixed Income Advisers LLC’s holdings, making the stock its largest holding. Virtus Fixed Income Advisers LLC owned approximately 0.61% of Virtus Newfleet ABS/MBS ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. HighTower Advisors LLC lifted its stake in shares of Virtus Newfleet ABS/MBS ETF by 65.5% in the 1st quarter. HighTower Advisors LLC now owns 21,325 shares of the company’s stock valued at $520,000 after purchasing an additional 8,436 shares during the last quarter. Avantax Advisory Services Inc. bought a new position in Virtus Newfleet ABS/MBS ETF during the first quarter valued at about $327,000. Creative Financial Designs Inc. ADV acquired a new stake in shares of Virtus Newfleet ABS/MBS ETF in the second quarter worth about $4,799,000. PFG Advisors lifted its position in shares of Virtus Newfleet ABS/MBS ETF by 5.4% in the second quarter. PFG Advisors now owns 52,555 shares of the company’s stock worth $1,290,000 after buying an additional 2,711 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of Virtus Newfleet ABS/MBS ETF by 45.6% during the 1st quarter. Jane Street Group LLC now owns 28,114 shares of the company’s stock worth $686,000 after acquiring an additional 8,799 shares in the last quarter.

Virtus Newfleet ABS/MBS ETF Price Performance

Shares of NYSEARCA VABS opened at $24.32 on Wednesday. The business’s 50-day simple moving average is $24.33 and its 200-day simple moving average is $24.42. Virtus Newfleet ABS/MBS ETF has a 52 week low of $24.11 and a 52 week high of $24.69.

Virtus Newfleet ABS/MBS ETF 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.