Merit Financial Group LLC Buys 70,308 Shares of Avantis All International Markets Equity ETF $AVNM

Merit Financial Group LLC grew its position in Avantis All International Markets Equity ETF (NYSEARCA:AVNM) by 4.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,782,622 shares of the company’s stock after acquiring an additional 70,308 shares during the quarter. Avantis All International Markets Equity ETF comprises 1.2% of Merit Financial Group LLC’s holdings, making the stock its 18th largest position. Merit Financial Group LLC owned 31.83% of Avantis All International Markets Equity ETF worth $125,853,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Geometric Wealth Advisors increased its position in shares of Avantis All International Markets Equity ETF by 207.2% during the second quarter. Geometric Wealth Advisors now owns 670,665 shares of the company’s stock worth $43,801,000 after acquiring an additional 452,344 shares during the period. Commonwealth Equity Services LLC grew its holdings in Avantis All International Markets Equity ETF by 0.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 654,291 shares of the company’s stock worth $46,193,000 after acquiring an additional 4,903 shares in the last quarter. Wealth Management Partners LLC increased its position in shares of Avantis All International Markets Equity ETF by 0.3% in the 3rd quarter. Wealth Management Partners LLC now owns 330,022 shares of the company’s stock valued at $23,300,000 after purchasing an additional 934 shares during the last quarter. BWM Planning LLC raised its holdings in shares of Avantis All International Markets Equity ETF by 9.0% in the 3rd quarter. BWM Planning LLC now owns 260,098 shares of the company’s stock valued at $18,363,000 after purchasing an additional 21,455 shares in the last quarter. Finally, Truist Financial Corp purchased a new stake in Avantis All International Markets Equity ETF during the third quarter worth approximately $14,040,000.

Avantis All International Markets Equity ETF Trading Up 0.3%

Shares of Avantis All International Markets Equity ETF stock opened at $73.67 on Wednesday. The company has a fifty day simple moving average of $72.13 and a 200-day simple moving average of $69.36. The stock has a market cap of $412.55 million, a price-to-earnings ratio of 13.10 and a beta of 0.61. Avantis All International Markets Equity ETF has a 12-month low of $51.41 and a 12-month high of $73.83.

About Avantis All International Markets Equity ETF

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.