Avantis Core Fixed Income ETF (NYSEARCA:AVIG) Hits New 1-Year High – Here’s Why

Shares of Avantis Core Fixed Income ETF (NYSEARCA:AVIG) hit a new 52-week high during trading on Friday . The company traded as high as $42.49 and last traded at $42.4950, with a volume of 15609 shares trading hands. The stock had previously closed at $42.40.

Avantis Core Fixed Income ETF Stock Performance

The company’s fifty day simple moving average is $42.08 and its two-hundred day simple moving average is $42.04.

Avantis Core Fixed Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, February 9th. Investors of record on Thursday, February 5th were issued a $0.16 dividend. The ex-dividend date was Thursday, February 5th. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. This is a boost from Avantis Core Fixed Income ETF’s previous monthly dividend of $0.13.

Hedge Funds Weigh In On Avantis Core Fixed Income ETF

Hedge funds have recently added to or reduced their stakes in the stock. Align Financial LLC purchased a new stake in shares of Avantis Core Fixed Income ETF in the fourth quarter worth approximately $543,761,000. Janney Montgomery Scott LLC grew its holdings in Avantis Core Fixed Income ETF by 108.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 934,908 shares of the company’s stock worth $39,194,000 after buying an additional 486,278 shares in the last quarter. CoreCap Advisors LLC grew its holdings in Avantis Core Fixed Income ETF by 52.2% during the fourth quarter. CoreCap Advisors LLC now owns 119,387 shares of the company’s stock worth $5,005,000 after buying an additional 40,935 shares in the last quarter. Golden State Wealth Management LLC raised its position in Avantis Core Fixed Income ETF by 7.9% in the 4th quarter. Golden State Wealth Management LLC now owns 17,930 shares of the company’s stock valued at $752,000 after buying an additional 1,311 shares during the last quarter. Finally, Ares Financial Consulting LLC bought a new position in Avantis Core Fixed Income ETF during the 4th quarter valued at $582,000.

Avantis Core Fixed Income ETF Company Profile

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.