Avantis Core Fixed Income ETF (NYSEARCA:AVIG) Hits New 1-Year Low – Time to Sell?

Avantis Core Fixed Income ETF (NYSEARCA:AVIG)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $40.60 and last traded at $40.63, with a volume of 4244 shares traded. The stock had previously closed at $40.75.

Avantis Core Fixed Income ETF Price Performance

The stock has a 50 day moving average price of $40.96 and a 200 day moving average price of $41.38.

Institutional Investors Weigh In On Avantis Core Fixed Income ETF

Institutional investors have recently made changes to their positions in the company. Align Financial LLC bought a new stake in Avantis Core Fixed Income ETF in the 4th quarter worth about $543,761,000. Janney Montgomery Scott LLC raised its position in 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. CoreCap Advisors LLC raised its holdings in Avantis Core Fixed Income ETF by 24.0% in the 2nd quarter. CoreCap Advisors LLC now owns 164,608 shares of the company’s stock worth $6,816,000 after purchasing an additional 31,823 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. Finally, JPMorgan Chase & Co. raised its stake in Avantis Core Fixed Income ETF by 248.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,717 shares of the company’s stock worth $198,000 after acquiring an additional 3,365 shares during the period.

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.