Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) Stock Price Up 0.1% – Time to Buy?

Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU)’s stock price traded up 0.1% on Tuesday . The company traded as high as $47.05 and last traded at $47.02. 10,305 shares changed hands during mid-day trading, an increase of 25% from the average session volume of 8,233 shares. The stock had previously closed at $46.97.

Avantis Core Municipal Fixed Income ETF Stock Up 0.1%

The stock has a 50 day moving average of $46.53 and a two-hundred day moving average of $45.86.

Avantis Core Municipal Fixed Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, February 9th. Stockholders of record on Thursday, February 5th were paid a $0.157 dividend. The ex-dividend date was Thursday, February 5th. This is a positive change from Avantis Core Municipal Fixed Income ETF’s previous monthly dividend of $0.12. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Align Financial LLC bought a new stake in Avantis Core Municipal Fixed Income ETF during the fourth quarter valued at about $125,138,000. Crews Bank & Trust lifted its position in shares of 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 last quarter. Flow Traders U.S. LLC boosted its stake 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 valued at $226,000 after purchasing an additional 585 shares during the period. Fourth Dimension Wealth LLC grew its holdings in Avantis Core Municipal Fixed Income ETF by 13.6% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 4,682 shares of the company’s stock valued at $210,000 after buying an additional 561 shares during the last quarter. Finally, Nemes Rush Group LLC increased its position in Avantis Core Municipal Fixed Income ETF by 14.6% in the 2nd quarter. Nemes Rush Group LLC now owns 3,417 shares of the company’s stock worth $153,000 after buying an additional 436 shares during the period.

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.