Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) Stock Price Up 0.1% – Here’s What Happened

Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS)’s share price shot up 0.1% during trading on Wednesday . The company traded as high as $24.16 and last traded at $24.16. 124 shares were traded during mid-day trading, a decline of 98% from the average session volume of 6,006 shares. The stock had previously closed at $24.13.

Virtus Newfleet ABS/MBS ETF Stock Up 0.1%

The company has a fifty day moving average of $24.33 and a 200 day moving average of $24.34.

Virtus Newfleet ABS/MBS ETF Increases Dividend

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

Hedge Funds Weigh In On Virtus Newfleet ABS/MBS ETF

A number of hedge funds have recently bought and sold shares of the company. Virtus Fixed Income Advisers LLC acquired a new stake in Virtus Newfleet ABS/MBS ETF during the 2nd quarter worth about $32,443,000. Envestnet Asset Management Inc. acquired a new position in shares of Virtus Newfleet ABS/MBS ETF in the 3rd quarter valued at about $608,000. Jane Street Group LLC boosted its position in shares of Virtus Newfleet ABS/MBS ETF by 33.8% during the 2nd quarter. Jane Street Group LLC now owns 37,625 shares of the company’s stock valued at $924,000 after purchasing an additional 9,511 shares in the last quarter. PFG Advisors boosted its position in shares of Virtus Newfleet ABS/MBS ETF by 16.1% during the 4th quarter. PFG Advisors now owns 58,747 shares of the company’s stock valued at $1,425,000 after purchasing an additional 8,150 shares in the last quarter. Finally, Stapp Wealth Management Pllc grew its stake in Virtus Newfleet ABS/MBS ETF by 10.2% during the third quarter. Stapp Wealth Management Pllc now owns 75,424 shares of the company’s stock worth $1,835,000 after purchasing an additional 6,959 shares during the period.

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.