Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) Stock Price Up 0.1% – Should You Buy?

Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS)’s share price was up 0.1% during trading on Thursday . The company traded as high as $24.12 and last traded at $24.11. 107 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 11,172 shares. The stock had previously closed at $24.09.

Virtus Newfleet ABS/MBS ETF Trading Up 0.1%

The business’s 50-day simple moving average is $24.16 and its two-hundred day simple moving average is $24.20.

Institutional Investors Weigh In On Virtus Newfleet ABS/MBS ETF

Several large investors have recently modified their holdings of VABS. Jane Street Group LLC lifted its holdings in 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 buying an additional 8,799 shares during the period. Envestnet Asset Management Inc. acquired a new stake in Virtus Newfleet ABS/MBS ETF during the 3rd quarter worth about $608,000. HighTower Advisors LLC raised its position in shares of Virtus Newfleet ABS/MBS ETF by 1.4% in the 4th quarter. HighTower Advisors LLC now owns 35,623 shares of the company’s stock worth $864,000 after acquiring an additional 503 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its stake in shares of Virtus Newfleet ABS/MBS ETF by 0.3% in the 4th 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. Finally, &PARTNERS boosted its position in shares of Virtus Newfleet ABS/MBS ETF by 23.9% during the 4th quarter. &PARTNERS now owns 23,825 shares of the company’s stock valued at $578,000 after purchasing an additional 4,592 shares in the last quarter.

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.