Avantis Core Fixed Income ETF (NYSEARCA:AVIG) Hits New 1-Year Low – Should You Sell?

Avantis Core Fixed Income ETF (NYSEARCA:AVIG) hit a new 52-week low during mid-day trading on Monday. The stock traded as low as $39.24 and last traded at $39.2650, with a volume of 367625 shares. The stock had previously closed at $39.38.

Avantis Core Fixed Income ETF Stock Down 0.3%

The firm’s 50 day simple moving average is $40.43 and its two-hundred day simple moving average is $41.04.

Institutional Investors Weigh In On Avantis Core Fixed Income ETF

Hedge funds have recently added to or reduced their stakes in the company. CoreCap Advisors LLC raised its position in shares of 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 worth $6,816,000 after purchasing an additional 31,823 shares during the period. Janney Montgomery Scott LLC increased its stake in Avantis Core Fixed Income ETF by 45.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,362,193 shares of the company’s stock valued at $56,586,000 after purchasing an additional 427,285 shares in the last quarter. Align Financial LLC acquired a new position in Avantis Core Fixed Income ETF during the fourth quarter worth $543,761,000. NewEdge Advisors LLC acquired a new position in Avantis Core Fixed Income ETF during the first quarter worth $30,000. Finally, Lam Group Inc. lifted its stake in shares of Avantis Core Fixed Income ETF by 17,750.0% in the second quarter. Lam Group Inc. now owns 1,785 shares of the company’s stock valued at $74,000 after buying an additional 1,775 shares in the last quarter.

About Avantis Core Fixed Income ETF

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.