Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) Stock Price Up 0.3% – Here’s Why

Shares of Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) rose 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 traded hands 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 Up 0.3 %

The stock has a 50 day moving average price of $46.10 and a 200 day moving average price of $46.41.

Institutional Trading of Avantis Core Municipal Fixed Income ETF

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