Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) Stock Price Up 0% – What’s Next?

Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) shot up 0% on Tuesday . The company traded as high as $24.40 and last traded at $24.37. 2,893 shares changed hands during trading, a decline of 63% from the average session volume of 7,807 shares. The stock had previously closed at $24.36.

Virtus Newfleet ABS/MBS ETF Stock Down 0.0%

The firm has a 50 day moving average price of $24.33 and a two-hundred day moving average price of $24.36.

Virtus Newfleet ABS/MBS ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were given a $0.107 dividend. This represents a c) dividend on an annualized basis and a yield of 5.3%. This is a positive change from Virtus Newfleet ABS/MBS ETF’s previous monthly dividend of $0.05. The ex-dividend date was Friday, February 20th.

Institutional Investors Weigh In On Virtus Newfleet ABS/MBS ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Virtus Fixed Income Advisers LLC acquired a new stake in shares of Virtus Newfleet ABS/MBS ETF during the 2nd quarter worth about $32,443,000. Creative Financial Designs Inc. ADV boosted its position in Virtus Newfleet ABS/MBS ETF by 0.3% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 196,470 shares of the company’s stock valued at $4,765,000 after buying an additional 640 shares in the last quarter. Stapp Wealth Management Pllc grew its stake in Virtus Newfleet ABS/MBS ETF by 4.1% during the fourth quarter. Stapp Wealth Management Pllc now owns 78,504 shares of the company’s stock worth $1,904,000 after buying an additional 3,080 shares during the last quarter. PFG Advisors increased its holdings in shares of Virtus Newfleet ABS/MBS ETF by 16.1% during the fourth quarter. PFG Advisors now owns 58,747 shares of the company’s stock worth $1,425,000 after buying an additional 8,150 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Virtus Newfleet ABS/MBS ETF by 33.8% in the second quarter. Jane Street Group LLC now owns 37,625 shares of the company’s stock valued at $924,000 after acquiring an additional 9,511 shares during 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.