Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) Shares Climb 0.2% – What’s Next?

Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS)’s stock price traded up 0.2% during mid-day trading on Thursday. The company traded as high as $24.02 and last traded at $23.89. 11,281 shares were traded during mid-day trading, an increase of 12% from the average daily volume of 10,034 shares. The stock had previously closed at $23.85.

Virtus Newfleet ABS/MBS ETF Trading Up 0.2%

The company’s 50-day simple moving average is $23.90 and its 200 day simple moving average is $24.14.

Hedge Funds Weigh In On Virtus Newfleet ABS/MBS ETF

A hedge fund recently raised its position in Virtus Newfleet ABS/MBS ETF stock. Retirement Planning Group LLC lifted its position in Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) by 13.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,119 shares of the company’s stock after purchasing an additional 4,977 shares during the quarter. Retirement Planning Group LLC owned about 0.90% of Virtus Newfleet ABS/MBS ETF worth $999,000 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.