Avantis Global Credit ETF (NASDAQ:AVGB) Trading Up 0.1% – What’s Next?

Avantis Global Credit ETF (NASDAQ:AVGB)’s share price traded up 0.1% during mid-day trading on Thursday . The stock traded as high as $51.40 and last traded at $51.38. 834 shares were traded during trading, a decline of 23% from the average session volume of 1,090 shares. The stock had previously closed at $51.35.

Avantis Global Credit ETF Stock Up 0.1%

The company’s 50 day moving average price is $51.01 and its 200 day moving average price is $51.33.

Avantis Global Credit ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Tuesday, December 16th were given a $1.0553 dividend. This represents a $4.22 dividend on an annualized basis and a yield of 8.2%. This is a boost from Avantis Global Credit ETF’s previous quarterly dividend of $0.33. The ex-dividend date was Tuesday, December 16th.

Institutional Trading of Avantis Global Credit ETF

Several hedge funds have recently modified their holdings of the company. American Century Companies Inc. acquired a new position in shares of Avantis Global Credit ETF in the 2nd quarter worth approximately $8,892,000. Werba Rubin Papier Wealth Management increased its holdings in Avantis Global Credit ETF by 23.7% during the 3rd quarter. Werba Rubin Papier Wealth Management now owns 5,344 shares of the company’s stock valued at $274,000 after purchasing an additional 1,025 shares in the last quarter. Plancorp LLC bought a new position in Avantis Global Credit ETF in the 3rd quarter valued at $239,000. Beacon Pointe Advisors LLC acquired a new position in Avantis Global Credit ETF during the 4th quarter worth about $2,438,000. Finally, Jane Street Group LLC boosted its holdings in Avantis Global Credit ETF by 39.7% in the fourth quarter. Jane Street Group LLC now owns 6,590 shares of the company’s stock valued at $335,000 after acquiring an additional 1,872 shares during the last quarter.

About Avantis Global Credit ETF

Avantis Credit ETF is an actively managed exchange-traded fund that aims to maximize total return. The fund invests primarily in investment-grade quality debt obligations from a diverse group of U.S. and non-U.S. issuers