Avantis Global Credit ETF (NASDAQ:AVGB) Trading Up 0.1% – What’s Next?

Avantis Global Credit ETF (NASDAQ:AVGB)’s stock price rose 0.1% during mid-day trading on Thursday . The stock traded as high as $51.40 and last traded at $51.38. Approximately 834 shares changed hands during mid-day trading, a decline of 23% from the average daily volume of 1,090 shares. The stock had previously closed at $51.35.

Avantis Global Credit ETF Stock Up 0.1%

The business has a 50 day simple moving average of $51.03 and a 200-day simple moving average of $51.33.

Avantis Global Credit ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Tuesday, December 16th were given a dividend of $1.0553 per share. This represents a $4.22 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date was Tuesday, December 16th. This is an increase from Avantis Global Credit ETF’s previous quarterly dividend of $0.33.

Institutional Trading of Avantis Global Credit ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Plancorp LLC purchased a new position in Avantis Global Credit ETF during the third quarter worth about $239,000. Werba Rubin Papier Wealth Management increased its position in Avantis Global Credit ETF by 23.7% during the 3rd quarter. Werba Rubin Papier Wealth Management now owns 5,344 shares of the company’s stock worth $274,000 after purchasing an additional 1,025 shares during the period. Jane Street Group LLC raised its stake in shares of Avantis Global Credit ETF by 39.7% during the 4th quarter. Jane Street Group LLC now owns 6,590 shares of the company’s stock worth $335,000 after buying an additional 1,872 shares in the last quarter. Beacon Pointe Advisors LLC acquired a new stake in shares of Avantis Global Credit ETF in the 4th quarter valued at approximately $2,438,000. Finally, American Century Companies Inc. acquired a new stake in shares of Avantis Global Credit ETF in the 2nd quarter valued at approximately $8,892,000.

Avantis Global Credit ETF Company Profile

Avantis Credit ETF is an actively managed exchange-traded fund that aims to maximize total return. The fund invests primarily in investment-grade quality debt obligations from a diverse group of U.S. and non-U.S. issuers