Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) Stock Price Down 0% – Time to Sell?

Shares of Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) were down 0% during trading on Monday . The stock traded as low as $24.19 and last traded at $24.21. Approximately 1,867 shares were traded during mid-day trading, a decline of 8% from the average daily volume of 2,025 shares. The stock had previously closed at $24.22.

Virtus Newfleet ABS/MBS ETF Price Performance

The stock’s 50 day simple moving average is $24.32 and its two-hundred day simple moving average is $24.17.

Hedge Funds Weigh In On Virtus Newfleet ABS/MBS ETF

An institutional investor recently bought a new position in Virtus Newfleet ABS/MBS ETF stock. PFG Advisors bought a new stake in Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 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.