Virtus Private Credit Strategy ETF (NYSEARCA:VPC) Trading 0.7% Higher – Still a Buy?

Virtus Private Credit Strategy ETF (NYSEARCA:VPC)’s stock price was up 0.7% during mid-day trading on Wednesday . The company traded as high as $15.85 and last traded at $15.79. Approximately 29,558 shares changed hands during mid-day trading, an increase of 37% from the average session volume of 21,526 shares. The stock had previously closed at $15.68.

Virtus Private Credit Strategy ETF Stock Performance

The firm has a market capitalization of $32.37 million, a P/E ratio of 8.80 and a beta of 0.60. The stock has a 50-day moving average of $15.08 and a 200 day moving average of $15.59.

Institutional Trading of Virtus Private Credit Strategy ETF

A hedge fund recently bought a new stake in Virtus Private Credit Strategy ETF stock. Triumph Capital Management acquired a new stake in Virtus Private Credit Strategy ETF (NYSEARCA:VPC) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,575 shares of the company’s stock, valued at approximately $49,000. Triumph Capital Management owned about 0.09% of Virtus Private Credit Strategy ETF at the end of the most recent quarter.

About Virtus Private Credit Strategy ETF

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.