Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) Stock Price Up 0% – Should You Buy?

Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS)’s stock price shot up 0% on Tuesday . The stock traded as high as $24.26 and last traded at $24.26. 394 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 1,973 shares. The stock had previously closed at $24.26.

Virtus Newfleet ABS/MBS ETF Stock Performance

The business’s 50-day simple moving average is $24.25 and its 200-day simple moving average is $24.20.

Institutional Investors Weigh In On Virtus Newfleet ABS/MBS ETF

A hedge fund recently bought a new stake in Virtus Newfleet ABS/MBS ETF stock. PFG Advisors bought a new position in shares of Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 37,842 shares of the company’s stock, valued at approximately $909,000. PFG Advisors owned approximately 9.46% of Virtus Newfleet ABS/MBS ETF as of its most recent SEC filing.

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.