Avantis Global Credit ETF (NASDAQ:AVGB) Stock Price Down 0% – Time to Sell?

Avantis Global Credit ETF (NASDAQ:AVGB)’s stock price fell 0% during trading on Wednesday . The stock traded as low as $51.02 and last traded at $51.01. 42 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 1,076 shares. The stock had previously closed at $51.03.

Avantis Global Credit ETF Trading Down 0.0%

The company’s 50-day moving average is $51.10 and its 200-day moving average is $51.30.

Avantis Global Credit ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Tuesday, December 16th were given a dividend of $1.0553 per share. The ex-dividend date was Tuesday, December 16th. This represents a $4.22 annualized dividend and a dividend yield of 8.3%. This is an increase from Avantis Global Credit ETF’s previous quarterly dividend of $0.33.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AVGB. American Century Companies Inc. bought a new stake in shares of Avantis Global Credit ETF during the 2nd quarter valued at approximately $8,892,000. Werba Rubin Papier Wealth Management grew its stake in shares of Avantis Global Credit ETF by 194.0% during the fourth quarter. Werba Rubin Papier Wealth Management now owns 15,711 shares of the company’s stock worth $798,000 after buying an additional 10,367 shares during the last quarter. Finally, Plancorp LLC acquired a new position in shares of Avantis Global Credit ETF during the third quarter worth $239,000.

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