Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) Stock Price Down 0.7% – Should You Sell?

Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) traded down 0.7% on Friday . The company traded as low as $45.86 and last traded at $45.87. 7,154 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 10,673 shares. The stock had previously closed at $46.20.

Avantis Core Municipal Fixed Income ETF Price Performance

The stock’s 50 day simple moving average is $46.18 and its two-hundred day simple moving average is $46.27.

Institutional Investors Weigh In On Avantis Core Municipal Fixed Income ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Fourth Dimension Wealth LLC raised its stake in shares of Avantis Core Municipal Fixed Income ETF by 6.0% during the fourth quarter. Fourth Dimension Wealth LLC now owns 4,123 shares of the company’s stock worth $191,000 after buying an additional 235 shares during the last quarter. Flow Traders U.S. LLC grew its holdings in 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 during the period. Finally, Align Financial LLC acquired a new position in Avantis Core Municipal Fixed Income ETF during the fourth quarter valued at approximately $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.