Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) Shares Up 0% – Still a Buy?

Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU)’s share price traded up 0% during mid-day trading on Tuesday . The company traded as high as $45.59 and last traded at $45.56. 13,876 shares were traded during trading, an increase of 9% from the average session volume of 12,726 shares. The stock had previously closed at $45.55.

Avantis Core Municipal Fixed Income ETF Stock Up 0.1%

The firm’s 50 day simple moving average is $46.07 and its 200 day simple moving average is $46.26.

Institutional Trading of Avantis Core Municipal Fixed Income ETF

Several hedge funds have recently added to or reduced their stakes in the business. Fourth Dimension Wealth LLC grew its stake in shares of Avantis Core Municipal Fixed Income ETF by 6.0% in the fourth quarter. Fourth Dimension Wealth LLC now owns 4,123 shares of the company’s stock worth $191,000 after purchasing an additional 235 shares in the last quarter. Flow Traders U.S. LLC raised its stake in shares of Avantis Core Municipal Fixed Income ETF by 13.1% during the second quarter. Flow Traders U.S. LLC now owns 5,043 shares of the company’s stock valued at $226,000 after purchasing an additional 585 shares in the last quarter. Finally, Align Financial LLC acquired a new stake in Avantis Core Municipal Fixed Income ETF in the fourth quarter worth about $125,138,000.

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.