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

Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS)’s stock price was up 0% during trading on Tuesday . The company traded as high as $24.14 and last traded at $24.14. Approximately 105 shares changed hands during trading, a decline of 95% from the average daily volume of 1,919 shares. The stock had previously closed at $24.13.

Virtus Newfleet ABS/MBS ETF Price Performance

The firm has a fifty day simple moving average of $24.23 and a two-hundred day simple moving average of $24.24.

Institutional Trading of Virtus Newfleet ABS/MBS ETF

A hedge fund recently bought a new stake in Virtus Newfleet ABS/MBS ETF stock. PFG Advisors purchased a new position in Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 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 at the end of the most recent reporting period.

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.