Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) Trading 0% Higher – What’s Next?

Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU)’s share price traded up 0% on Friday . The company traded as high as $46.25 and last traded at $46.17. 1,620 shares changed hands during trading, a decline of 91% from the average session volume of 18,382 shares. The stock had previously closed at $46.15.

Avantis Core Municipal Fixed Income ETF Stock Performance

The company has a 50-day simple moving average of $45.29 and a 200-day simple moving average of $44.69.

Hedge Funds Weigh In On Avantis Core Municipal Fixed Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in AVMU. Crews Bank & Trust increased its position in Avantis Core Municipal Fixed Income ETF by 61.8% during the 3rd quarter. Crews Bank & Trust now owns 15,127 shares of the company’s stock worth $690,000 after purchasing an additional 5,780 shares during the period. Nemes Rush Group LLC increased its position in Avantis Core Municipal Fixed Income ETF by 63.1% during the 1st quarter. Nemes Rush Group LLC now owns 2,981 shares of the company’s stock worth $136,000 after purchasing an additional 1,153 shares during the period. Flow Traders U.S. LLC increased its position in Avantis Core Municipal Fixed Income ETF by 13.1% during the 2nd quarter. Flow Traders U.S. LLC now owns 5,043 shares of the company’s stock worth $226,000 after purchasing an additional 585 shares during the period. Finally, Fourth Dimension Wealth LLC increased its position in Avantis Core Municipal Fixed Income ETF by 13.6% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 4,682 shares of the company’s stock worth $210,000 after purchasing an additional 561 shares during the period.

Avantis Core Municipal Fixed Income ETF Company Profile

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.