Avantis Core Fixed Income ETF (NYSEARCA:AVIG) Sees Large Volume Increase – Still a Buy?

Shares of Avantis Core Fixed Income ETF (NYSEARCA:AVIG) saw unusually-high trading volume on Friday . Approximately 116,209 shares changed hands during trading, a decline of 16% from the previous session’s volume of 138,228 shares.The stock last traded at $41.29 and had previously closed at $41.24.

Avantis Core Fixed Income ETF Stock Performance

The firm has a 50 day simple moving average of $40.78 and a two-hundred day simple moving average of $41.35.

Institutional Trading of Avantis Core Fixed Income ETF

Several hedge funds have recently added to or reduced their stakes in the business. Baird Financial Group Inc. lifted its stake in Avantis Core Fixed Income ETF by 10.8% in the fourth quarter. Baird Financial Group Inc. now owns 6,185 shares of the company’s stock worth $251,000 after purchasing an additional 604 shares during the last quarter. Betterment LLC increased its position in shares of Avantis Core Fixed Income ETF by 52.6% in the fourth quarter. Betterment LLC now owns 14,967 shares of the company’s stock valued at $607,000 after acquiring an additional 5,156 shares during the period. Curio Wealth LLC purchased a new position in shares of Avantis Core Fixed Income ETF in the fourth quarter valued at about $57,000. Golden State Wealth Management LLC purchased a new position in shares of Avantis Core Fixed Income ETF in the fourth quarter valued at about $551,000. Finally, Flow Traders U.S. LLC increased its position in shares of Avantis Core Fixed Income ETF by 155.6% in the third quarter. Flow Traders U.S. LLC now owns 21,853 shares of the company’s stock valued at $929,000 after acquiring an additional 13,302 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.