Avantis Core Fixed Income ETF (NYSEARCA:AVIG) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Shares of Avantis Core Fixed Income ETF (NYSEARCA:AVIG) crossed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $39.87 and traded as low as $39.63. Avantis Core Fixed Income ETF shares last traded at $39.65, with a volume of 226,843 shares.

Avantis Core Fixed Income ETF Stock Performance

The business’s 50 day simple moving average is $39.87 and its 200-day simple moving average is $41.04.

Hedge Funds Weigh In On Avantis Core Fixed Income ETF

Hedge funds have recently modified their holdings of the stock. CoreCap Advisors LLC boosted its position in Avantis Core Fixed Income ETF by 24.0% during the second quarter. CoreCap Advisors LLC now owns 164,608 shares of the company’s stock valued at $6,816,000 after purchasing an additional 31,823 shares during the last quarter. FSA Advisors Inc. purchased a new position in Avantis Core Fixed Income ETF in the first quarter valued at about $250,000. Align Financial LLC increased its position in Avantis Core Fixed Income ETF by 1.0% in the 3rd quarter. Align Financial LLC now owns 366,727 shares of the company’s stock worth $14,445,000 after purchasing an additional 3,536 shares during the last quarter. Lam Group Inc. increased its position in Avantis Core Fixed Income ETF by 17,750.0% in the 2nd quarter. Lam Group Inc. now owns 1,785 shares of the company’s stock worth $74,000 after purchasing an additional 1,775 shares during the last quarter. Finally, JDM Financial Group LLC increased its position in Avantis Core Fixed Income ETF by 7.5% in the 1st quarter. JDM Financial Group LLC now owns 10,658 shares of the company’s stock worth $443,000 after purchasing an additional 744 shares during the last quarter.

Avantis Core Fixed Income ETF Company Profile

The Avantis Core Fixed Income ETF (AVIG) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund offers an active exposure to a broad range of investment-grade debt securities from issuers around the globe. AVIG was launched on Oct 15, 2020 and is managed by American Century Investments.