Avantis Core Municipal Fixed Income ETF (AVMU)
| Assets | $27.61M |
| NAV | $50.20 |
| Expense Ratio | 0.15% |
| PE Ratio | n/a |
| Shares Out | 550,000 |
| Dividend (ttm) | $0.24 |
| Dividend Yield | 0.49% |
| Ex-Dividend Date | Sep 1, 2021 |
| 1-Year Return | - |
| Volume | 1,649 |
| Open | 50.20 |
| Previous Close | 50.21 |
| Day's Range | 50.27 - 50.30 |
| 52-Week Low | 49.10 |
| 52-Week High | 50.59 |
| Beta | 0.17 |
| Holdings | 443 |
| Inception Date | Dec 8, 2020 |
About AVMU
The investment seeks current income that is exempt from federal income tax. Under normal market conditions, the fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in municipal fixed income securities with interest payments exempt from federal income tax. The advisor expects to maintain a weighted average duration within 2 years of the weighted average duration of its benchmark, the S&P National AMT-Free Municipal Bond index.
Top 10 Holdings
11.48% of assets| Name | Symbol | Weight |
|---|---|---|
| DENVER COLO CITY & CNTY 5% | N/A | 1.60% |
| DISTRICT COLUMBIA INCOME TAX REV 4% | N/A | 1.58% |
| CALIFORNIA ST 5.25% | N/A | 1.18% |
| WASHINGTON ST 5% | N/A | 1.16% |
| PRIVATE COLLEGES & UNIVS AUTH GA REV 4% | N/A | 1.11% |
| METROPOLITAN ATLANTA RAPID TRAN AUTH GA SALES TAX REV 3.25% | N/A | 1.04% |
| CALIFORNIA ST 3% | N/A | 1.03% |
| ALABAMA ST PUB SCH & COLLEGE AUTH 5% | N/A | 0.96% |
| LOS ANGELES CALIF DEPT ARPTS REV 5% | N/A | 0.94% |
| ALABAMA ST PUB SCH & COLLEGE AUTH 4% | N/A | 0.88% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Apr 1, 2021 | $0.0282 | Apr 7, 2021 |
| Mar 1, 2021 | $0.0353 | Mar 4, 2021 |
| Feb 1, 2021 | $0.0286 | Feb 4, 2021 |
News
Will Municipal Bond ETFs Shatter Records in 2021?
Fixed income investors are looking into municipal bonds and their related exchange traded funds this year. Investment interest for the munis market has increased this year as rising taxes, the search fo...
Bond Investors Can Turn to Muni ETFs for Steady Yields at Lower Tax Rates
Fixed income exchange traded fund investors seeking steady yields and lower tax rates can turn to municipal bond strategies. According to Municipal Market Analytics, investors have already funneled a ne...
Avantis Investors Launches First Municipal Bond ETF, ‘AVMU'
On Thursday, following the launch of its first two fixed income ETFs in October, Avantis Investors, a $2.5 billion investment brand from global asset manager American Century Investments, announced the ...
Avantis Tackles Muni ETF Space
The actively managed ETF invests in investment-grade municipal bonds.