Merit Financial Group LLC Purchases 70,338 Shares of Avantis All International Markets Equity ETF $AVNM

Merit Financial Group LLC grew its holdings in Avantis All International Markets Equity ETF (NYSEARCA:AVNM) by 4.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,782,652 shares of the company’s stock after acquiring an additional 70,338 shares during the quarter. Avantis All International Markets Equity ETF accounts for about 1.2% of Merit Financial Group LLC’s investment portfolio, making the stock its 18th largest holding. Merit Financial Group LLC owned about 33.63% of Avantis All International Markets Equity ETF worth $125,855,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in AVNM. XY Planning Network Inc. bought a new stake in shares of Avantis All International Markets Equity ETF in the second quarter valued at about $212,000. Hutchens & Kramer Investment Management Group LLC acquired a new stake in Avantis All International Markets Equity ETF in the 2nd quarter valued at approximately $251,000. FMB Wealth Management bought a new stake in Avantis All International Markets Equity ETF in the 2nd quarter valued at approximately $257,000. Fortress Wealth Management Inc. bought a new stake in Avantis All International Markets Equity ETF in the 2nd quarter valued at approximately $270,000. Finally, Cloud Capital Management LLC boosted its position in Avantis All International Markets Equity ETF by 83.7% during the 2nd quarter. Cloud Capital Management LLC now owns 8,345 shares of the company’s stock worth $549,000 after acquiring an additional 3,802 shares during the last quarter.

Avantis All International Markets Equity ETF Stock Up 0.3%

Shares of AVNM opened at $73.67 on Wednesday. Avantis All International Markets Equity ETF has a twelve month low of $51.41 and a twelve month high of $73.83. The stock has a market capitalization of $412.55 million, a P/E ratio of 13.10 and a beta of 0.61. The company has a 50 day moving average of $72.13 and a 200-day moving average of $69.36.

Avantis All International Markets Equity ETF Company Profile

The Avantis All International Markets Equity ETF (AVNM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that invests in international equity portfolios, typically heavily weighted towards developed markets outside the US. It seeks long-term capital appreciation through securities with higher expected returns. AVNM was launched on Jun 27, 2023 and is managed by American Century Investments.