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

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

Virtus Newfleet ABS/MBS ETF Stock Down 0.1%

The stock has a 50 day simple moving average of $24.17 and a 200-day simple moving average of $24.22.

Institutional Investors Weigh In On Virtus Newfleet ABS/MBS ETF

Institutional investors have recently bought and sold shares of the company. Jane Street Group LLC boosted its holdings in Virtus Newfleet ABS/MBS ETF by 33.8% in the second quarter. Jane Street Group LLC now owns 37,625 shares of the company’s stock valued at $924,000 after purchasing an additional 9,511 shares during the last quarter. &PARTNERS raised its position in shares of Virtus Newfleet ABS/MBS ETF by 23.9% in the fourth quarter. &PARTNERS now owns 23,825 shares of the company’s stock valued at $578,000 after buying an additional 4,592 shares during the last quarter. HighTower Advisors LLC increased 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 purchasing an additional 503 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in Virtus Newfleet ABS/MBS ETF during the third quarter worth about $608,000. Finally, Creative Financial Designs Inc. ADV raised its position in Virtus Newfleet ABS/MBS ETF by 0.3% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 196,470 shares of the company’s stock valued at $4,765,000 after purchasing an additional 640 shares during the 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.