Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) Stock Falls 0.4% – What’s Next?

Shares of Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) were down 0.4% during mid-day trading on Friday. The company traded as low as $43.46 and last traded at $43.46. Approximately 24,034 shares changed hands during trading, an increase of 37% from the average session volume of 17,582 shares. The stock had previously closed at $43.65.

Avantis Core Municipal Fixed Income ETF Price Performance

The stock has a 50-day moving average of $43.99 and a 200-day moving average of $45.39.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Avantis Core Municipal Fixed Income ETF stock. Align Financial LLC purchased a new stake in Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,706,279 shares of the company’s stock, valued at approximately $125,138,000. Avantis Core Municipal Fixed Income ETF comprises 0.6% of Align Financial LLC’s holdings, making the stock its 29th largest position. Align Financial LLC owned approximately 82.01% of Avantis Core Municipal Fixed Income ETF as of its most recent filing with the Securities and Exchange Commission.

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.