Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) Shares Down 0.4% – Here’s What Happened

Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS)’s stock price dropped 0.4% during trading on Monday . The stock traded as low as $24.20 and last traded at $24.20. Approximately 1,223 shares changed hands during trading, a decline of 75% from the average daily volume of 4,827 shares. The stock had previously closed at $24.29.

Virtus Newfleet ABS/MBS ETF Trading Down 0.4%

The firm has a 50-day moving average of $24.29 and a 200 day moving average of $24.31.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Jane Street Group LLC boosted its stake in shares of 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 purchasing an additional 8,799 shares during the period. Stapp Wealth Management Pllc increased its stake in Virtus Newfleet ABS/MBS ETF by 10.2% during the 3rd quarter. Stapp Wealth Management Pllc now owns 75,424 shares of the company’s stock worth $1,835,000 after buying an additional 6,959 shares during the period. Envestnet Asset Management Inc. purchased a new stake in Virtus Newfleet ABS/MBS ETF during the 3rd quarter worth $608,000. PFG Advisors lifted its holdings in Virtus Newfleet ABS/MBS ETF by 16.1% in the 4th quarter. PFG Advisors now owns 58,747 shares of the company’s stock worth $1,425,000 after buying an additional 8,150 shares in the last quarter. Finally, HighTower Advisors LLC lifted its holdings in 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 buying an additional 503 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.