Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) Trading 0.1% Higher – Still a Buy?

Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) shot up 0.1% during trading on Wednesday . The stock traded as high as $45.89 and last traded at $45.88. 4,834 shares changed hands during trading, a decline of 52% from the average session volume of 10,060 shares. The stock had previously closed at $45.85.

Avantis Core Municipal Fixed Income ETF Price Performance

The company’s 50-day moving average is $46.13 and its two-hundred day moving average is $46.37.

Institutional Investors Weigh In On Avantis Core Municipal Fixed Income ETF

Large investors have recently added to or reduced their stakes in the company. Nemes Rush Group LLC purchased a new position in shares of Avantis Core Municipal Fixed Income ETF in the 4th quarter worth about $84,000. Fourth Dimension Wealth LLC purchased a new stake in Avantis Core Municipal Fixed Income ETF in the fourth quarter worth approximately $189,000. Magnolia Private Wealth LLC bought a new position in Avantis Core Municipal Fixed Income ETF during the fourth quarter valued at approximately $532,000. Crews Bank & Trust purchased a new position in shares of Avantis Core Municipal Fixed Income ETF during the fourth quarter worth approximately $581,000. Finally, OLD Mission Capital LLC bought a new position in shares of Avantis Core Municipal Fixed Income ETF during the 4th quarter valued at $1,664,000.

Avantis Core Municipal Fixed Income ETF Company Profile

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.