Avantis Core Fixed Income ETF (NYSEARCA:AVIG) Sees Large Volume Increase – Time to Buy?

Avantis Core Fixed Income ETF (NYSEARCA:AVIG) shares saw strong trading volume on Tuesday . 2,425,777 shares traded hands during trading, an increase of 875% from the previous session’s volume of 248,810 shares.The stock last traded at $41.42 and had previously closed at $41.60.

Avantis Core Fixed Income ETF Stock Performance

The firm’s 50 day simple moving average is $41.92 and its 200-day simple moving average is $42.01.

Avantis Core Fixed Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, February 9th. Stockholders of record on Thursday, February 5th were paid a $0.16 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. This is a boost from Avantis Core Fixed Income ETF’s previous monthly dividend of $0.13. The ex-dividend date of this dividend was Thursday, February 5th.

Hedge Funds Weigh In On Avantis Core Fixed Income ETF

A number of hedge funds have recently modified their holdings of AVIG. Lodestone Wealth Management LLC acquired a new position in shares of Avantis Core Fixed Income ETF in the fourth quarter worth $25,000. Farther Finance Advisors LLC acquired a new position in shares of Avantis Core Fixed Income ETF in the fourth quarter worth $27,000. JPMorgan Chase & Co. acquired a new position in shares of Avantis Core Fixed Income ETF in the second quarter worth $56,000. JDM Financial Group LLC acquired a new position in shares of Avantis Core Fixed Income ETF in the fourth quarter worth $416,000. Finally, Ares Financial Consulting LLC acquired a new position in shares of Avantis Core Fixed Income ETF in the fourth quarter worth $582,000.

About Avantis Core Fixed Income ETF

The Avantis Core Fixed Income ETF (AVIG) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund offers an active exposure to a broad range of investment-grade debt securities from issuers around the globe. AVIG was launched on Oct 15, 2020 and is managed by American Century Investments.