Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) Trading Down 0.1% – Here’s Why

Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU)’s share price traded down 0.1% during trading on Tuesday . The stock traded as low as $45.75 and last traded at $45.78. 4,499 shares changed hands during trading, a decline of 60% from the average session volume of 11,138 shares. The stock had previously closed at $45.84.

Avantis Core Municipal Fixed Income ETF Stock Down 0.9%

The firm has a fifty day moving average of $46.26 and a two-hundred day moving average of $46.37.

Hedge Funds Weigh In On Avantis Core Municipal Fixed Income ETF

Institutional investors have recently bought and sold shares of the business. Align Financial LLC purchased a new stake in Avantis Core Municipal Fixed Income ETF during the fourth quarter worth $125,138,000. Flow Traders U.S. LLC increased its holdings in shares of Avantis Core Municipal Fixed Income ETF by 13.1% in the 2nd 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 period. Finally, Fourth Dimension Wealth LLC raised its position in shares of Avantis Core Municipal Fixed Income ETF by 6.0% in the 4th quarter. Fourth Dimension Wealth LLC now owns 4,123 shares of the company’s stock worth $191,000 after acquiring an additional 235 shares in the last quarter.

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.