Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) Stock Price Down 0.7% – Here’s Why

Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU)’s stock price was down 0.7% during trading on Friday . The company traded as low as $45.86 and last traded at $45.87. Approximately 7,154 shares changed hands during mid-day trading, a decline of 33% from the average daily volume of 10,673 shares. The stock had previously closed at $46.20.

Avantis Core Municipal Fixed Income ETF Price Performance

The stock’s 50-day simple moving average is $46.18 and its 200 day simple moving average is $46.27.

Hedge Funds Weigh In On Avantis Core Municipal Fixed Income ETF

Large investors have recently bought and sold shares of the business. Fourth Dimension Wealth LLC increased its stake in Avantis Core Municipal Fixed Income ETF by 6.0% in the fourth quarter. Fourth Dimension Wealth LLC now owns 4,123 shares of the company’s stock valued at $191,000 after purchasing an additional 235 shares in the last quarter. Flow Traders U.S. LLC increased its stake in Avantis Core Municipal Fixed Income ETF by 13.1% in the second 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 in the last quarter. Finally, Align Financial LLC bought a new stake in Avantis Core Municipal Fixed Income ETF in the fourth quarter valued at approximately $125,138,000.

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.