HighTower Advisors LLC Purchases 8,436 Shares of Virtus Newfleet ABS/MBS ETF $VABS

HighTower Advisors LLC lifted its stake in Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) by 65.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,325 shares of the company’s stock after buying an additional 8,436 shares during the period. HighTower Advisors LLC owned approximately 0.99% of Virtus Newfleet ABS/MBS ETF worth $520,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of VABS. Stapp Wealth Management Pllc purchased a new position in shares of Virtus Newfleet ABS/MBS ETF in the first quarter worth about $2,822,000. Fermata Advisors LLC purchased a new position in shares of Virtus Newfleet ABS/MBS ETF in the first quarter worth about $399,000. Avantax Advisory Services Inc. purchased a new position in shares of Virtus Newfleet ABS/MBS ETF in the first quarter worth about $327,000. Finally, PFG Advisors increased its holdings in shares of Virtus Newfleet ABS/MBS ETF by 34.8% in the first quarter. PFG Advisors now owns 49,844 shares of the company’s stock worth $1,216,000 after buying an additional 12,862 shares during the period.

Virtus Newfleet ABS/MBS ETF Trading Up 0.1%

VABS opened at $24.56 on Friday. The business’s 50-day moving average price is $24.50 and its 200-day moving average price is $24.42. Virtus Newfleet ABS/MBS ETF has a 12 month low of $24.11 and a 12 month high of $24.69.

Virtus Newfleet ABS/MBS ETF 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.