Avantis Core Fixed Income ETF (NYSEARCA:AVIG) Stock Price Down 0.1% – Time to Sell?

Avantis Core Fixed Income ETF (NYSEARCA:AVIG) shares fell 0.1% during mid-day trading on Wednesday . The stock traded as low as $40.53 and last traded at $40.57. 59,218 shares changed hands during trading, a decline of 41% from the average session volume of 100,508 shares. The stock had previously closed at $40.63.

Avantis Core Fixed Income ETF Stock Performance

The company’s 50 day simple moving average is $41.08 and its 200-day simple moving average is $41.51.

Institutional Investors Weigh In On Avantis Core Fixed Income ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC increased its stake in shares of Avantis Core Fixed Income ETF by 155.6% in the 3rd quarter. Flow Traders U.S. LLC now owns 21,853 shares of the company’s stock worth $929,000 after purchasing an additional 13,302 shares in the last quarter. Magnolia Capital Advisors LLC purchased a new stake in Avantis Core Fixed Income ETF in the second quarter worth about $1,827,000. Finally, Farther Finance Advisors LLC raised its stake in shares of Avantis Core Fixed Income ETF by 146.7% in the third quarter. Farther Finance Advisors LLC now owns 141,187 shares of the company’s stock worth $6,002,000 after buying an additional 83,967 shares during the period.

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.