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

Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) dropped 0.4% on Wednesday . The company traded as low as $24.38 and last traded at $24.44. 22,307 shares were traded during mid-day trading, a decline of 51% from the average session volume of 45,876 shares. The stock had previously closed at $24.54.

Virtus Newfleet ABS/MBS ETF Stock Performance

The stock’s 50-day moving average price is $24.31 and its 200-day moving average price is $24.30.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Virtus Newfleet ABS/MBS ETF stock. HighTower Advisors LLC raised its holdings in shares of Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) by 30.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,889 shares of the company’s stock after purchasing an additional 2,981 shares during the period. HighTower Advisors LLC owned 3.22% of Virtus Newfleet ABS/MBS ETF worth $312,000 as of its most recent filing with the Securities and Exchange Commission.

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.