Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) Trading at $23.83

Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) shares shot up 0% during mid-day trading on Friday. The company traded as high as $23.83 and last traded at $23.83. Approximately 16,704 shares traded hands during mid-day trading, an increase of 56% from the average session volume of 10,705 shares. The stock had previously closed at $23.82.

Virtus Newfleet ABS/MBS ETF Stock Performance

The stock’s 50-day simple moving average is $24.10 and its two-hundred day simple moving average is $24.16.

Hedge Funds Weigh In On Virtus Newfleet ABS/MBS ETF

A hedge fund recently raised its position in Virtus Newfleet ABS/MBS ETF stock. HighTower Advisors LLC raised its position in Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,623 shares of the company’s stock after purchasing an additional 503 shares during the quarter. HighTower Advisors LLC owned 1.05% of Virtus Newfleet ABS/MBS ETF worth $864,000 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.