Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) Stock Price Up 0.4% – Still a Buy?

Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) was up 0.4% during mid-day trading on Wednesday . The stock traded as high as $45.85 and last traded at $45.76. Approximately 29,353 shares changed hands during mid-day trading, an increase of 50% from the average daily volume of 19,517 shares. The stock had previously closed at $45.56.

Avantis Core Municipal Fixed Income ETF Stock Performance

The company’s 50 day moving average price is $46.33 and its 200-day moving average price is $46.45.

Institutional Trading of Avantis Core Municipal Fixed Income ETF

An institutional investor recently raised its position in Avantis Core Municipal Fixed Income ETF stock. Farther Finance Advisors LLC raised its stake in Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) by 29.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,941 shares of the company’s stock after purchasing an additional 908 shares during the period. Farther Finance Advisors LLC owned 0.13% of Avantis Core Municipal Fixed Income ETF worth $185,000 as of its most recent SEC filing.

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.