LPL Financial LLC Raises Stake in Avantis Moderate Allocation ETF (NYSEARCA:AVMA)

LPL Financial LLC grew its position in Avantis Moderate Allocation ETF (NYSEARCA:AVMA) by 10.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,589 shares of the company’s stock after purchasing an additional 4,687 shares during the quarter. LPL Financial LLC owned approximately 26.81% of Avantis Moderate Allocation ETF worth $2,767,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of AVMA. Versant Capital Management Inc boosted its holdings in Avantis Moderate Allocation ETF by 108.5% in the 4th quarter. Versant Capital Management Inc now owns 1,455 shares of the company’s stock worth $85,000 after buying an additional 757 shares during the period. Diversify Wealth Management LLC raised its holdings in Avantis Moderate Allocation ETF by 7.4% during the fourth quarter. Diversify Wealth Management LLC now owns 6,631 shares of the company’s stock valued at $382,000 after acquiring an additional 456 shares during the period. Finally, Vawter Financial Ltd. lifted its position in shares of Avantis Moderate Allocation ETF by 9.7% in the fourth quarter. Vawter Financial Ltd. now owns 14,443 shares of the company’s stock valued at $840,000 after acquiring an additional 1,281 shares in the last quarter.

Avantis Moderate Allocation ETF Trading Up 1.2 %

NYSEARCA:AVMA opened at $55.62 on Friday. The stock has a 50-day moving average price of $58.28 and a 200 day moving average price of $59.11. Avantis Moderate Allocation ETF has a 12-month low of $52.83 and a 12-month high of $62.37. The stock has a market capitalization of $28.51 million, a P/E ratio of 16.37 and a beta of 0.67.

Avantis Moderate Allocation ETF Profile

The Avantis Moderate Allocation ETF (AVMA) is an exchange-traded fund that mostly invests in target risk asset allocation. The fund is an actively managed, asset allocation fund-of-funds that invests with moderate risk in a broad basket of equity and fixed income ETFs. AVMA was launched on Jun 27, 2023 and is managed by American Century Investments.