Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) Trading 0.2% Higher

Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) traded up 0.2% on Friday . The company traded as high as $24.53 and last traded at $24.52. 3,532 shares traded hands during trading, an increase of 87% from the average session volume of 1,887 shares. The stock had previously closed at $24.47.

Virtus Newfleet ABS/MBS ETF Stock Performance

The stock has a 50 day simple moving average of $24.28 and a two-hundred day simple moving average of $24.06.

Hedge Funds 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 stake in shares of Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 37,842 shares of the company’s stock, valued at approximately $909,000. PFG Advisors owned 9.46% of Virtus Newfleet ABS/MBS ETF as of its most recent SEC filing.

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.