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

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

Avantis Core Municipal Fixed Income ETF Trading Down 0.1%

The stock has a 50-day moving average price of $46.27 and a 200 day moving average price of $46.37.

Institutional Investors Weigh In On Avantis Core Municipal Fixed Income ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC grew its position in shares of Avantis Core Municipal Fixed Income ETF by 6.0% during the fourth quarter. Fourth Dimension Wealth LLC now owns 4,123 shares of the company’s stock worth $191,000 after acquiring an additional 235 shares during the last quarter. Flow Traders U.S. LLC raised its position in 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 purchasing an additional 585 shares during the last quarter. Finally, Align Financial LLC purchased a new stake in Avantis Core Municipal Fixed Income ETF in the 4th 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.