Confluence Investment Management LLC Makes New $1.82 Million Investment in Xtrackers Municipal Infrastructure Revenue Bond ETF $RVNU

Confluence Investment Management LLC acquired a new position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 72,103 shares of the company’s stock, valued at approximately $1,825,000.

Other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its holdings in Xtrackers Municipal Infrastructure Revenue Bond ETF by 4.1% during the first quarter. Bank of New York Mellon Corp now owns 531,791 shares of the company’s stock worth $13,101,000 after purchasing an additional 21,119 shares during the period. Goodman Advisory Group LLC lifted its holdings in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 11.8% during the first quarter. Goodman Advisory Group LLC now owns 273,644 shares of the company’s stock worth $6,741,000 after buying an additional 28,787 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Xtrackers Municipal Infrastructure Revenue Bond ETF by 43.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 75,988 shares of the company’s stock worth $1,875,000 after purchasing an additional 23,047 shares in the last quarter. Ascentis Independent Advisors boosted its stake in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 92.2% in the first quarter. Ascentis Independent Advisors now owns 23,676 shares of the company’s stock valued at $583,000 after buying an additional 11,359 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 101.5% during the 4th quarter. NewEdge Advisors LLC now owns 2,354 shares of the company’s stock worth $58,000 after purchasing an additional 1,186 shares in the last quarter.

Xtrackers Municipal Infrastructure Revenue Bond ETF Price Performance

Shares of NYSEARCA:RVNU opened at $24.69 on Wednesday. Xtrackers Municipal Infrastructure Revenue Bond ETF has a 1 year low of $23.54 and a 1 year high of $25.40. The company’s 50 day simple moving average is $25.08 and its 200 day simple moving average is $24.88.

Xtrackers Municipal Infrastructure Revenue Bond ETF Company Profile

The Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of investment-grade muni bonds backed by revenue from infrastructure projects. Constituents have at least 10 years remaining to maturity. RVNU was launched on Jun 4, 2013 and is managed by Xtrackers.