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

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

Avantis Core Municipal Fixed Income ETF Trading Down 0.1%

The firm’s 50 day moving average price is $46.27 and its two-hundred day moving average price is $46.37.

Institutional Investors Weigh In On Avantis Core Municipal Fixed Income ETF

Several large investors have recently modified their holdings of AVMU. Align Financial LLC purchased a new position in Avantis Core Municipal Fixed Income ETF in the 4th quarter valued at $125,138,000. Flow Traders U.S. LLC increased its stake 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 buying an additional 585 shares during the period. Finally, Fourth Dimension Wealth LLC raised its position in Avantis Core Municipal Fixed Income ETF by 6.0% during the 4th quarter. Fourth Dimension Wealth LLC now owns 4,123 shares of the company’s stock worth $191,000 after buying an additional 235 shares during the last quarter.

About Avantis Core Municipal Fixed Income ETF

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.