Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) Shares Down 0% – Time to Sell?

Shares of Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) were down 0% on Wednesday . The company traded as low as $24.08 and last traded at $24.08. Approximately 743 shares changed hands during trading, a decline of 94% from the average daily volume of 13,338 shares. The stock had previously closed at $24.09.

Virtus Newfleet ABS/MBS ETF Price Performance

The company’s 50-day moving average is $24.16 and its 200 day moving average is $24.24.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VABS. Creative Financial Designs Inc. ADV lifted its stake in shares of Virtus Newfleet ABS/MBS ETF by 0.3% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 196,470 shares of the company’s stock worth $4,765,000 after buying an additional 640 shares during the period. Stapp Wealth Management Pllc increased its position in shares of Virtus Newfleet ABS/MBS ETF by 4.1% in the 4th quarter. Stapp Wealth Management Pllc now owns 78,504 shares of the company’s stock valued at $1,904,000 after acquiring an additional 3,080 shares during the period. PFG Advisors increased its position in shares of Virtus Newfleet ABS/MBS ETF by 16.1% in the 4th quarter. PFG Advisors now owns 58,747 shares of the company’s stock valued at $1,425,000 after acquiring an additional 8,150 shares during the period. Jane Street Group LLC raised its stake in Virtus Newfleet ABS/MBS ETF by 33.8% in the 2nd quarter. Jane Street Group LLC now owns 37,625 shares of the company’s stock worth $924,000 after acquiring an additional 9,511 shares during the last quarter. Finally, HighTower Advisors LLC raised its stake 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 acquiring an additional 503 shares during 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.