Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) Trading 0.1% Higher – Still a Buy?

Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) shares rose 0.1% during trading on Wednesday . The stock traded as high as $24.16 and last traded at $24.16. Approximately 124 shares were traded during trading, a decline of 98% from the average daily volume of 6,006 shares. The stock had previously closed at $24.13.

Virtus Newfleet ABS/MBS ETF Stock Performance

The business has a 50-day simple moving average of $24.32 and a two-hundred day simple moving average of $24.33.

Virtus Newfleet ABS/MBS ETF Increases Dividend

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

Hedge Funds Weigh In On Virtus Newfleet ABS/MBS ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. &PARTNERS raised its position in Virtus Newfleet ABS/MBS ETF by 23.9% during the 4th quarter. &PARTNERS now owns 23,825 shares of the company’s stock worth $578,000 after buying an additional 4,592 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of Virtus Newfleet ABS/MBS ETF in the 3rd quarter worth $608,000. Jane Street Group LLC boosted its holdings in shares of 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 acquiring an additional 8,799 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of Virtus Newfleet ABS/MBS ETF by 1.4% in the fourth quarter. HighTower Advisors LLC now owns 35,623 shares of the company’s stock valued at $864,000 after acquiring an additional 503 shares in the last quarter. Finally, PFG Advisors increased its stake in shares of Virtus Newfleet ABS/MBS ETF by 16.1% during the fourth quarter. PFG Advisors now owns 58,747 shares of the company’s stock worth $1,425,000 after acquiring an additional 8,150 shares during the period.

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.