Avantis Core Fixed Income ETF (NYSEARCA:AVIG) Hits New 1-Year High – Time to Buy?

Avantis Core Fixed Income ETF (NYSEARCA:AVIG)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $42.49 and last traded at $42.4950, with a volume of 15609 shares. The stock had previously closed at $42.40.

Avantis Core Fixed Income ETF Price Performance

The firm has a 50 day moving average price of $42.06 and a 200-day moving average price of $42.03.

Avantis Core Fixed Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, February 9th. Shareholders of record on Thursday, February 5th were issued a dividend of $0.16 per share. This is a boost from Avantis Core Fixed Income ETF’s previous monthly dividend of $0.13. The ex-dividend date was Thursday, February 5th. This represents a c) annualized dividend and a yield of 4.5%.

Institutional Investors Weigh In On Avantis Core Fixed Income ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Ares Financial Consulting LLC purchased a new position in Avantis Core Fixed Income ETF in the fourth quarter valued at $582,000. Lodestone Wealth Management LLC purchased a new stake in Avantis Core Fixed Income ETF during the 4th quarter worth about $25,000. CoreCap Advisors LLC boosted its position in shares of Avantis Core Fixed Income ETF by 52.2% during the 4th quarter. CoreCap Advisors LLC now owns 119,387 shares of the company’s stock worth $5,005,000 after acquiring an additional 40,935 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Avantis Core Fixed Income ETF by 248.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,717 shares of the company’s stock valued at $198,000 after acquiring an additional 3,365 shares during the last quarter. Finally, Golden State Wealth Management LLC increased its holdings in shares of Avantis Core Fixed Income ETF by 4.8% in the 3rd quarter. Golden State Wealth Management LLC now owns 16,619 shares of the company’s stock valued at $699,000 after acquiring an additional 767 shares during the last quarter.

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.