Avantis Core Municipal Fixed Income ETF (AVMU)
| Assets | $41.43M |
| NAV | $46.03 |
| Expense Ratio | 0.15% |
| PE Ratio | n/a |
| Shares Out | 900,000 |
| Dividend (ttm) | $0.51 |
| Dividend Yield | 1.11% |
| Ex-Dividend Date | Dec 1, 2022 |
| 1-Year Return | -7.78% |
| Volume | 1,782 |
| Open | 46.15 |
| Previous Close | 46.16 |
| Day's Range | 46.08 - 46.15 |
| 52-Week Low | 43.77 |
| 52-Week High | 50.06 |
| Beta | 0.19 |
| Holdings | 590 |
| Inception Date | Dec 8, 2020 |
About AVMU
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 Avantis.
Top 10 Holdings
10.99% of assets| Name | Symbol | Weight |
|---|---|---|
| RIVERSIDE CALIF UNI SCH DIST 4% | CA RIVSCD 4 08.01.2042 | 1.42% |
| LOS ANGELES CNTY CALIF PUB WKS FING AUTH LEASE REV 5% | CA LOSFAC 5 12.01.2039 | 1.40% |
| MARYLAND ST 5% | MD MDS 5 08.01.2027 | 1.16% |
| ENERGY NORTHWEST WASH ELEC REV 4% | WA ENEPWR 4 07.01.2042 | 1.08% |
| LOUISVILLE & JEFFERSON CNTY KY MET SWR DIST SWR & DRAIN SYS REV 4% | KY LOUUTL 4 05.15.2036 | 1.05% |
| UNIVERSITY TEX UNIV REVS 5% | TX UNIHGR 5 08.15.2038 | 1.03% |
| WASHINGTON D C MET AREA TRAN AUTH DEDICATED REV 4% | DC DCTTRN 4 07.15.2038 | 1.02% |
| UNIVERSITY CALIF REVS 5% | CA UNVHGR 5 05.15.2040 | 0.98% |
| PORT AUTH N Y & N J 5% | NY PORTRN 5 07.15.2034 | 0.98% |
| TEXAS WTR DEV BRD REV 4% | TX TXSWTR 4 10.15.2038 | 0.86% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 1, 2022 | $0.0739 | Dec 6, 2022 |
| Nov 1, 2022 | $0.057 | Nov 4, 2022 |
| Oct 3, 2022 | $0.058 | Oct 6, 2022 |
| Sep 1, 2022 | $0.0492 | Sep 7, 2022 |
| Aug 1, 2022 | $0.0447 | Aug 4, 2022 |
| Jul 1, 2022 | $0.048 | Jul 7, 2022 |
News
Buy Into Active Core Bond ETFs as Yields Soar
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Here's an Active Municipal Bond ETF Option to Consider
Municipal bonds could be falling back into favor for investors amid the volatility not only seen in the stock market, but also the bond market. One way to get exposure is via actively managed exchange t...
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Fixed income served as a strong diversifier in times of equity drawdowns over the past two decades — see the dot-com bubble and burst of the early 2000s and the global financial crisis of 2008.
Check Out This Muni Fund as Yields Are Up
With municipal yields on the rise, munis are starting to become attractive again. Research from Raymond James showed that yields for munis “saw sharp increases” last week, “with the entire AAA curve fin...
Bargains to Be Had in Muni Land
Rising interest rates are plaguing various corners of the fixed income market and municipal bonds aren't immune from that ominous trend. However, there might be a silver lining for muni investors and th...
Municipal Bonds Are Looking Interesting
Rising interest rates hampered municipal bonds in the first quarter, but a lethargic start to 2022 for those high-quality bonds could bring a buying opportunity with this beloved income-generating asset...
Public Pension Health Augurs Well for Muni Bond ETFs
A lengthy run of a bull market for equities and low interest rates helped shore up public pensions, and that's good news municipal bonds and the related exchange trade funds. The news gets even better f...
Low-Duration Intermediate Fixed Income Serves as Attractive Diversifier
It's been a tough time for bonds. Fixed income markets were challenged in 2021, and with the Fed indicating that it could raise rates as many as three times this year, it looks as though 2022 won't be m...
Hidden Income Your Munis Are Missing: An Expert Perspective
Municipal bonds (munis) have been a linchpin for advisors building effective, tax-efficient portfolios for their clients in this lower-for-longer yield environment. However, with a Fed taper almost a ne...
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.