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

Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) was up 0.3% during mid-day trading on Thursday . The stock traded as high as $46.31 and last traded at $46.29. Approximately 15,206 shares were traded during mid-day 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 firm’s 50 day simple moving average is $46.10 and its 200-day simple moving average is $46.41.

Hedge Funds Weigh In On Avantis Core Municipal Fixed Income ETF

Several institutional investors and hedge funds have recently modified their holdings of AVMU. OLD Mission Capital LLC purchased a new position in shares of Avantis Core Municipal Fixed Income ETF during the 4th quarter valued at $1,664,000. Crews Bank & Trust bought a new stake in Avantis Core Municipal Fixed Income ETF in the fourth quarter worth $581,000. Magnolia Private Wealth LLC bought a new stake in Avantis Core Municipal Fixed Income ETF in the fourth quarter worth $532,000. Fourth Dimension Wealth LLC bought a new stake in Avantis Core Municipal Fixed Income ETF in the fourth quarter worth $189,000. Finally, Nemes Rush Group LLC bought a new stake in Avantis Core Municipal Fixed Income ETF in the fourth quarter worth $84,000.

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.