Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) Shares Down 0.4% – Here’s Why

Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU – Get Free Report) dropped 0.4% on Friday. The stock traded as low as $43.46 and last traded at $43.46. 24,034 shares traded 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 firm’s 50-day simple moving average is $43.99 and its two-hundred day simple moving average is $45.39.

Institutional Investors Weigh In On Avantis Core Municipal Fixed Income ETF

An institutional investor recently bought a new position in Avantis Core Municipal Fixed Income ETF stock. Align Financial LLC acquired a new stake in shares of Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,706,279 shares of the company’s stock, valued at approximately $125,138,000. Avantis Core Municipal Fixed Income ETF makes up 0.6% of Align Financial LLC’s investment portfolio, making the stock its 29th largest position. Align Financial LLC owned approximately 82.01% of Avantis Core Municipal Fixed Income ETF at the end of the most recent quarter.

Avantis Core Municipal Fixed Income ETF Company Profile

(Get Free Report)

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.

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