Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) Stock Price Down 0.7% – Here’s Why

Shares of Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) were down 0.7% during mid-day trading on Friday . The stock traded as low as $45.86 and last traded at $45.87. Approximately 7,154 shares were traded during trading, a decline of 33% from the average daily volume of 10,673 shares. The stock had previously closed at $46.20.

Avantis Core Municipal Fixed Income ETF Price Performance

The business’s 50-day moving average is $46.18 and its two-hundred day moving average is $46.27.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Fourth Dimension Wealth LLC lifted its stake in Avantis Core Municipal Fixed Income ETF by 6.0% in the fourth quarter. Fourth Dimension Wealth LLC now owns 4,123 shares of the company’s stock valued at $191,000 after acquiring an additional 235 shares during the last quarter. Flow Traders U.S. LLC lifted its stake in Avantis Core Municipal Fixed Income ETF by 13.1% in the second quarter. Flow Traders U.S. LLC now owns 5,043 shares of the company’s stock valued at $226,000 after acquiring an additional 585 shares during the last quarter. Finally, Align Financial LLC acquired a new stake in Avantis Core Municipal Fixed Income ETF in the fourth quarter valued at $125,138,000.

Avantis Core Municipal Fixed Income ETF Company Profile

The Avantis Core Municipal Fixed Income ETF (AVMU) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to invest in investment-grade US municipal securities. AVMU was launched on Dec 8, 2020 and is managed by American Century Investments.