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

Shares of Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) shot up 0% during mid-day trading on Monday . The company traded as high as $24.19 and last traded at $24.18. 1,672 shares were traded during mid-day trading, a decline of 62% from the average session volume of 4,420 shares. The stock had previously closed at $24.17.

Virtus Newfleet ABS/MBS ETF Price Performance

The company’s 50-day moving average is $24.21 and its two-hundred day moving average is $24.28.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VABS. Jane Street Group LLC increased its position 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 worth $686,000 after purchasing an additional 8,799 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in Virtus Newfleet ABS/MBS ETF in the third quarter worth $608,000. Stapp Wealth Management Pllc grew its position in Virtus Newfleet ABS/MBS ETF by 4.1% in the fourth quarter. Stapp Wealth Management Pllc now owns 78,504 shares of the company’s stock worth $1,904,000 after acquiring an additional 3,080 shares in the last quarter. PFG Advisors grew its position in Virtus Newfleet ABS/MBS ETF by 16.1% in the fourth quarter. PFG Advisors now owns 58,747 shares of the company’s stock worth $1,425,000 after acquiring an additional 8,150 shares in the last quarter. Finally, HighTower Advisors LLC grew its position 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 worth $864,000 after acquiring an additional 503 shares in the last quarter.

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.