Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) Trading Up 0.3% – Time to Buy?

Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) rose 0.3% on Thursday . The stock traded as high as $46.31 and last traded at $46.29. Approximately 15,206 shares were traded during trading, a decline of 10% from the average daily volume of 16,985 shares. The stock had previously closed at $46.13.

Avantis Core Municipal Fixed Income ETF Stock Performance

The company’s fifty day moving average price is $46.10 and its two-hundred day moving average price is $46.41.

Institutional Trading of Avantis Core Municipal Fixed Income ETF

Several hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC grew its stake in shares of Avantis Core Municipal Fixed Income ETF by 29.9% during the third quarter. Farther Finance Advisors LLC now owns 3,941 shares of the company’s stock valued at $185,000 after purchasing an additional 908 shares during the last quarter. Nemes Rush Group LLC bought a new stake in shares of Avantis Core Municipal Fixed Income ETF during the fourth quarter valued at approximately $84,000. Fourth Dimension Wealth LLC bought a new stake in shares of Avantis Core Municipal Fixed Income ETF during the fourth quarter valued at approximately $189,000. Magnolia Private Wealth LLC bought a new stake in shares of Avantis Core Municipal Fixed Income ETF during the fourth quarter valued at approximately $532,000. Finally, Crews Bank & Trust bought a new stake in shares of Avantis Core Municipal Fixed Income ETF during the fourth quarter valued at approximately $581,000.

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.