Virtus Private Credit Strategy ETF (NYSEARCA:VPC) Trading Down 1.1% – Should You Sell?

Virtus Private Credit Strategy ETF (NYSEARCA:VPC) fell 1.1% on Tuesday . The company traded as low as $18.01 and last traded at $18.10. 21,383 shares were traded during mid-day trading, a decline of 34% from the average session volume of 32,449 shares. The stock had previously closed at $18.30.

Virtus Private Credit Strategy ETF Price Performance

The firm has a market capitalization of $43.44 million, a PE ratio of 8.80 and a beta of 0.70. The company has a fifty day moving average of $18.34 and a 200-day moving average of $19.30.

Institutional Investors Weigh In On Virtus Private Credit Strategy ETF

An institutional investor recently raised its position in Virtus Private Credit Strategy ETF stock. Farther Finance Advisors LLC increased its holdings in Virtus Private Credit Strategy ETF (NYSEARCA:VPC) by 36.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,444 shares of the company’s stock after purchasing an additional 1,178 shares during the period. Farther Finance Advisors LLC owned approximately 0.16% of Virtus Private Credit Strategy ETF worth $84,000 at the end of the most recent reporting period.

Virtus Private Credit Strategy ETF Company Profile

The Virtus Private Credit ETF (VPC) is an exchange-traded fund that is based on the Indxx Private Credit index. The fund tracks an index of closed-end funds focused on the private credit market, including business development companies. The index is weighted by dividend yield. VPC was launched on Feb 7, 2019 and is managed by Virtus.