Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) Stock Price Up 0% – Here’s Why

Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) rose 0% on Monday . The stock traded as high as $24.39 and last traded at $24.39. Approximately 2,263 shares changed hands during mid-day trading, an increase of 0% from the average daily volume of 2,260 shares. The stock had previously closed at $24.38.

Virtus Newfleet ABS/MBS ETF Trading Up 0.0%

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

Virtus Newfleet ABS/MBS ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, January 27th. Investors of record on Tuesday, January 20th were issued a $0.0526 dividend. This represents a c) dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Tuesday, January 20th.

Hedge Funds Weigh In On Virtus Newfleet ABS/MBS ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VABS. Envestnet Asset Management Inc. bought a new stake in shares of Virtus Newfleet ABS/MBS ETF in the 3rd quarter valued at about $608,000. Jane Street Group LLC grew its holdings in Virtus Newfleet ABS/MBS ETF by 45.6% during 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. HighTower Advisors LLC increased its stake in Virtus Newfleet ABS/MBS ETF by 1.4% in the fourth quarter. HighTower Advisors LLC now owns 35,623 shares of the company’s stock valued at $864,000 after purchasing an additional 503 shares in the last quarter. PFG Advisors raised its holdings in Virtus Newfleet ABS/MBS ETF by 5.4% in the second quarter. PFG Advisors now owns 52,555 shares of the company’s stock worth $1,290,000 after purchasing an additional 2,711 shares during the period. Finally, Stapp Wealth Management Pllc raised its holdings in Virtus Newfleet ABS/MBS ETF by 10.2% in the third quarter. Stapp Wealth Management Pllc now owns 75,424 shares of the company’s stock worth $1,835,000 after purchasing an additional 6,959 shares during the period.

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.