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

Shares of Avantis Core Fixed Income ETF (NYSEARCA:AVIG) saw unusually-high trading volume on Wednesday . Approximately 1,047,242 shares traded hands during mid-day trading, an increase of 245% from the previous session’s volume of 303,291 shares.The stock last traded at $40.56 and had previously closed at $40.55.

Avantis Core Fixed Income ETF Stock Up 0.1%

The stock has a fifty day moving average of $40.94 and a 200 day moving average of $41.37.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in AVIG. JPMorgan Chase & Co. purchased a new stake in Avantis Core Fixed Income ETF in the 2nd quarter worth approximately $56,000. Farther Finance Advisors LLC bought a new position in shares of Avantis Core Fixed Income ETF in the fourth quarter worth approximately $27,000. Janney Montgomery Scott LLC boosted its stake 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 worth $39,194,000 after acquiring an additional 486,278 shares during the period. Golden State Wealth Management LLC boosted its stake 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 worth $752,000 after acquiring an additional 1,311 shares during the period. Finally, Align Financial LLC purchased a new stake in shares of Avantis Core Fixed Income ETF during the fourth quarter worth about $543,761,000.

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.