Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) Trading 0% Higher – Here’s Why

Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) was up 0% during mid-day trading on Tuesday . The stock traded as high as $24.32 and last traded at $24.32. Approximately 909 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 19,065 shares. The stock had previously closed at $24.31.

Virtus Newfleet ABS/MBS ETF Price Performance

The firm’s 50-day moving average is $24.33 and its 200-day moving average is $24.42.

Institutional Investors Weigh In On Virtus Newfleet ABS/MBS ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Avantax Advisory Services Inc. acquired a new stake in shares of Virtus Newfleet ABS/MBS ETF in the 1st quarter worth about $327,000. HighTower Advisors LLC increased its holdings in Virtus Newfleet ABS/MBS ETF by 65.5% during the 1st quarter. HighTower Advisors LLC now owns 21,325 shares of the company’s stock worth $520,000 after purchasing an additional 8,436 shares in the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of Virtus Newfleet ABS/MBS ETF in the third quarter worth approximately $608,000. Jane Street Group LLC lifted 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 purchasing an additional 8,799 shares in the last quarter. Finally, PFG Advisors boosted its position in shares of Virtus Newfleet ABS/MBS ETF by 5.4% during the second quarter. PFG Advisors now owns 52,555 shares of the company’s stock valued at $1,290,000 after buying an additional 2,711 shares during the last quarter.

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.