Envestnet Asset Management Inc. Invests $444,000 in Avantis U.S. Mid Cap Equity ETF (NYSEARCA:AVMC)

Envestnet Asset Management Inc. purchased a new position in Avantis U.S. Mid Cap Equity ETF (NYSEARCA:AVMC) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,159 shares of the company’s stock, valued at approximately $444,000. Envestnet Asset Management Inc. owned 0.28% of Avantis U.S. Mid Cap Equity ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of AVMC. Mendota Financial Group LLC purchased a new stake in shares of Avantis U.S. Mid Cap Equity ETF in the 1st quarter valued at about $1,623,000. Proathlete Wealth Management LLC boosted its position in Avantis U.S. Mid Cap Equity ETF by 6.7% during the 1st quarter. Proathlete Wealth Management LLC now owns 147,669 shares of the company’s stock valued at $9,155,000 after buying an additional 9,302 shares during the period. CGN Advisors LLC increased its holdings in Avantis U.S. Mid Cap Equity ETF by 53.0% during the 1st quarter. CGN Advisors LLC now owns 147,061 shares of the company’s stock valued at $9,115,000 after purchasing an additional 50,967 shares during the period. Quad Cities Investment Group LLC purchased a new stake in Avantis U.S. Mid Cap Equity ETF in the first quarter worth $253,000. Finally, McIlrath & Eck LLC raised its stake in Avantis U.S. Mid Cap Equity ETF by 7.0% in the fourth quarter. McIlrath & Eck LLC now owns 634,915 shares of the company’s stock worth $41,263,000 after buying an additional 41,772 shares in the last quarter. 0.13% of the stock is currently owned by institutional investors.

Avantis U.S. Mid Cap Equity ETF Stock Down 0.4%

Shares of AVMC stock opened at $66.84 on Thursday. The business’s fifty day moving average is $66.23 and its 200 day moving average is $64.29. Avantis U.S. Mid Cap Equity ETF has a twelve month low of $53.29 and a twelve month high of $70.73.

About Avantis U.S. Mid Cap Equity ETF

The Avantis U.S. Mid Cap Equity ETF (AVMC) is an exchange-traded fund that mostly invests in mid cap equity. The fund seeks long-term capital appreciation through an actively managed portfolio of US mid-cap companies selected based on fundamental criteria. AVMC was launched on Nov 7, 2023 and is issued by American Century Investments.