Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) Shares Up 0.4% – Should You Buy?

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

Avantis Core Municipal Fixed Income ETF Price Performance

The stock has a 50 day simple moving average of $46.33 and a 200 day simple moving average of $46.44.

Institutional Investors Weigh In On Avantis Core Municipal Fixed Income ETF

A hedge fund recently raised its stake in Avantis Core Municipal Fixed Income ETF stock. Farther Finance Advisors LLC raised its holdings in Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) by 29.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,941 shares of the company’s stock after buying an additional 908 shares during the quarter. Farther Finance Advisors LLC owned about 0.13% of Avantis Core Municipal Fixed Income ETF worth $185,000 at the end of the most recent quarter.

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.