Avantis Core Fixed Income ETF (NYSEARCA:AVIG) Sees Large Volume Increase – Time to Buy?

Avantis Core Fixed Income ETF (NYSEARCA:AVIG) shares saw unusually-high trading volume on Tuesday . Approximately 2,425,777 shares traded hands during mid-day trading, an increase of 875% from the previous session’s volume of 248,810 shares.The stock last traded at $41.42 and had previously closed at $41.60.

Avantis Core Fixed Income ETF Price Performance

The company has a 50-day moving average price of $41.92 and a 200-day moving average price of $42.01.

Avantis Core Fixed Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, February 9th. Stockholders of record on Thursday, February 5th were given a $0.16 dividend. This is an increase from Avantis Core Fixed Income ETF’s previous monthly dividend of $0.13. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Thursday, February 5th.

Institutional Investors Weigh In On Avantis Core Fixed Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Align Financial LLC acquired a new stake in shares of Avantis Core Fixed Income ETF in the fourth quarter valued at about $543,761,000. Golden State Wealth Management LLC grew its position in shares of Avantis Core Fixed Income ETF by 7.9% in the fourth quarter. Golden State Wealth Management LLC now owns 17,930 shares of the company’s stock valued at $752,000 after purchasing an additional 1,311 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Avantis Core Fixed Income ETF by 108.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 934,908 shares of the company’s stock valued at $39,194,000 after purchasing an additional 486,278 shares during the last quarter. JDM Financial Group LLC bought a new stake in shares of Avantis Core Fixed Income ETF in the fourth quarter valued at about $416,000. Finally, Ares Financial Consulting LLC bought a new stake in shares of Avantis Core Fixed Income ETF in the fourth quarter valued at about $582,000.

Avantis Core Fixed Income ETF Company Profile

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.