Avantis Core Fixed Income ETF (NYSEARCA:AVIG) Hits New 12-Month Low – Here’s What Happened

Avantis Core Fixed Income ETF (NYSEARCA:AVIG)’s stock price reached a new 52-week low on Tuesday. The stock traded as low as $39.31 and last traded at $39.3350, with a volume of 36441 shares traded. The stock had previously closed at $39.44.

Avantis Core Fixed Income ETF Stock Performance

The business’s 50-day moving average is $40.54 and its two-hundred day moving average is $41.10.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC increased its holdings in shares of Avantis Core Fixed Income ETF by 45.7% in the first quarter. Janney Montgomery Scott LLC now owns 1,362,193 shares of the company’s stock valued at $56,586,000 after purchasing an additional 427,285 shares during the last quarter. CoreCap Advisors LLC lifted its position in Avantis Core Fixed Income ETF by 24.0% during the second quarter. CoreCap Advisors LLC now owns 164,608 shares of the company’s stock worth $6,816,000 after buying an additional 31,823 shares in the last quarter. Align Financial LLC acquired a new position in Avantis Core Fixed Income ETF during the fourth quarter worth $543,761,000. NewEdge Advisors LLC purchased a new stake in Avantis Core Fixed Income ETF in the 1st quarter valued at $30,000. Finally, Lam Group Inc. grew its holdings in Avantis Core Fixed Income ETF by 17,750.0% in the 2nd quarter. Lam Group Inc. now owns 1,785 shares of the company’s stock valued at $74,000 after buying an additional 1,775 shares in the last quarter.

About Avantis Core Fixed Income ETF

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.