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

Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) rose 0.4% on Wednesday . The company traded as high as $45.85 and last traded at $45.76. Approximately 29,353 shares changed hands during mid-day trading, an increase of 50% from the average daily volume of 19,517 shares. The stock had previously closed at $45.56.

Avantis Core Municipal Fixed Income ETF Stock Up 0.4 %

The firm has a fifty day moving average price of $46.33 and a 200-day moving average price of $46.45.

Hedge Funds Weigh In On Avantis Core Municipal Fixed Income ETF

A hedge fund recently raised its stake in Avantis Core Municipal Fixed Income ETF stock. Farther Finance Advisors LLC grew its position in shares of Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) by 29.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,941 shares of the company’s stock after buying an additional 908 shares during the period. Farther Finance Advisors LLC owned 0.13% of Avantis Core Municipal Fixed Income ETF worth $185,000 at the end of the most recent reporting period.

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.