Avantis Core Fixed Income ETF (NYSEARCA:AVIG) Hits New 1-Year Low – What’s Next?

Avantis Core Fixed Income ETF (NYSEARCA:AVIG)’s stock price reached a new 52-week low on Tuesday. The stock traded as low as $39.31 and last traded at $39.3350, with a volume of 36441 shares changing hands. The stock had previously closed at $39.44.

Avantis Core Fixed Income ETF Stock Performance

The firm’s 50 day simple moving average is $40.48 and its 200 day simple moving average is $41.07.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. NewEdge Advisors LLC purchased a new stake in shares of Avantis Core Fixed Income ETF in the first quarter worth approximately $30,000. Lam Group Inc. boosted its stake in shares of Avantis Core Fixed Income ETF by 17,750.0% during the second quarter. Lam Group Inc. now owns 1,785 shares of the company’s stock valued at $74,000 after purchasing an additional 1,775 shares during the period. FSA Advisors Inc. bought a new position in shares of Avantis Core Fixed Income ETF in the first quarter worth about $250,000. JDM Financial Group LLC increased its stake in Avantis Core Fixed Income ETF by 7.5% in the 1st quarter. JDM Financial Group LLC now owns 10,658 shares of the company’s stock worth $443,000 after buying an additional 744 shares during the period. Finally, CoreCap Advisors LLC lifted its holdings in Avantis Core Fixed Income ETF by 24.0% during the 2nd quarter. CoreCap Advisors LLC now owns 164,608 shares of the company’s stock valued at $6,816,000 after buying an additional 31,823 shares in 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.