Avantis Core Fixed Income ETF (NYSEARCA:AVIG) Sets New 12-Month Low – Should You Sell?

Avantis Core Fixed Income ETF (NYSEARCA:AVIG) shares hit a new 52-week low on Tuesday . The company traded as low as $40.64 and last traded at $40.69, with a volume of 11485 shares. The stock had previously closed at $40.71.

Avantis Core Fixed Income ETF Stock Performance

The company has a fifty day simple moving average of $41.08 and a 200-day simple moving average of $41.49.

Institutional Investors Weigh In On Avantis Core Fixed Income ETF

Hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its stake in Avantis Core Fixed Income ETF by 45.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 1,362,193 shares of the company’s stock worth $56,586,000 after purchasing an additional 427,285 shares during the period. Align Financial LLC acquired a new stake in Avantis Core Fixed Income ETF during the 4th quarter valued at $543,761,000. Ares Financial Consulting LLC acquired a new stake in Avantis Core Fixed Income ETF during the 4th quarter valued at $582,000. CoreCap Advisors LLC lifted its holdings in shares of Avantis Core Fixed Income ETF by 24.0% in the second quarter. CoreCap Advisors LLC now owns 164,608 shares of the company’s stock valued at $6,816,000 after purchasing an additional 31,823 shares in the last quarter. Finally, JDM Financial Group LLC lifted its holdings in shares of Avantis Core Fixed Income ETF by 7.5% in the first quarter. JDM Financial Group LLC now owns 10,658 shares of the company’s stock valued at $443,000 after purchasing an additional 744 shares in the last quarter.

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.