Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) Stock Price Down 0.1% – Time to Sell?

Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS)’s share price fell 0.1% during mid-day trading on Wednesday . The stock traded as low as $24.23 and last traded at $24.24. 821 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 11,005 shares. The stock had previously closed at $24.26.

Virtus Newfleet ABS/MBS ETF Trading Down 0.1 %

The business’s fifty day moving average price is $24.38 and its 200 day moving average price is $24.30.

Institutional Investors Weigh In On Virtus Newfleet ABS/MBS ETF

Several institutional investors and hedge funds have recently made changes to their positions in VABS. Jane Street Group LLC acquired a new stake in Virtus Newfleet ABS/MBS ETF during the 3rd quarter valued at $1,014,000. HighTower Advisors LLC increased its stake in shares of Virtus Newfleet ABS/MBS ETF by 30.1% in the fourth quarter. HighTower Advisors LLC now owns 12,889 shares of the company’s stock valued at $312,000 after buying an additional 2,981 shares in the last quarter. Stapp Wealth Management Pllc bought a new position in shares of Virtus Newfleet ABS/MBS ETF in the first quarter valued at about $2,822,000. Finally, Fermata Advisors LLC bought a new position in shares of Virtus Newfleet ABS/MBS ETF in the first quarter valued at about $399,000.

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.