Align Financial LLC Invests $125.14 Million in Avantis Core Municipal Fixed Income ETF $AVMU

Align Financial LLC bought a new position in shares of Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,706,279 shares of the company’s stock, valued at approximately $125,138,000. Avantis Core Municipal Fixed Income ETF makes up about 0.6% of Align Financial LLC’s holdings, making the stock its 29th biggest holding. Align Financial LLC owned about 82.01% of Avantis Core Municipal Fixed Income ETF as of its most recent SEC filing.

Separately, Flow Traders U.S. LLC increased its position 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 worth $226,000 after purchasing an additional 585 shares during the last quarter.

Avantis Core Municipal Fixed Income ETF Stock Down 0.1%

Shares of AVMU stock opened at $46.36 on Thursday. The company has a 50-day moving average of $46.25 and a two-hundred day moving average of $46.32. Avantis Core Municipal Fixed Income ETF has a 1-year low of $43.83 and a 1-year high of $47.14.

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.