Avantis Core Fixed Income ETF (NYSEARCA:AVIG) Shares Break Above 50 Day Moving Average – Here’s Why

Shares of Avantis Core Fixed Income ETF (NYSEARCA:AVIG – Get Free Report) passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $40.03 and traded as high as $40.05. Avantis Core Fixed Income ETF shares last traded at $40.04, with a volume of 1,543,411 shares traded.

Avantis Core Fixed Income ETF Stock Performance

The company’s 50 day moving average is $40.00 and its 200-day moving average is $41.13.

Hedge Funds Weigh In On Avantis Core Fixed Income ETF

A number of large investors have recently modified their holdings of AVIG. CoreCap Advisors LLC lifted its stake in shares of Avantis Core Fixed Income ETF by 24.0% in the second quarter. CoreCap Advisors LLC now owns 164,608 shares of the company’s stock valued at $6,816,000 after buying an additional 31,823 shares in the last quarter. Align Financial LLC increased its position in shares of Avantis Core Fixed Income ETF by 1.0% during the third quarter. Align Financial LLC now owns 366,727 shares of the company’s stock worth $14,445,000 after acquiring an additional 3,536 shares in the last quarter. Lam Group Inc. increased its position in shares of Avantis Core Fixed Income ETF by 17,750.0% during the second quarter. Lam Group Inc. now owns 1,785 shares of the company’s stock worth $74,000 after acquiring an additional 1,775 shares in the last quarter. NewEdge Advisors LLC bought a new stake in shares of Avantis Core Fixed Income ETF during the first quarter worth about $30,000. Finally, JDM Financial Group LLC raised its holdings in shares of Avantis Core Fixed Income ETF by 7.5% in the 1st quarter. JDM Financial Group LLC now owns 10,658 shares of the company’s stock worth $443,000 after acquiring an additional 744 shares during the last quarter.

About Avantis Core Fixed Income ETF

(Get Free Report)

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.

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