LPL Financial LLC Boosts Holdings in Avantis U.S. Mid Cap Equity ETF (NYSEARCA:AVMC)

LPL Financial LLC grew its holdings in Avantis U.S. Mid Cap Equity ETF (NYSEARCA:AVMC) by 66.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 78,519 shares of the company’s stock after purchasing an additional 31,409 shares during the quarter. LPL Financial LLC owned 3.17% of Avantis U.S. Mid Cap Equity ETF worth $4,867,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. IFP Advisors Inc boosted its stake in shares of Avantis U.S. Mid Cap Equity ETF by 52.8% in the first quarter. IFP Advisors Inc now owns 492 shares of the company’s stock valued at $30,000 after purchasing an additional 170 shares during the period. Park Square Financial Group LLC purchased a new position in shares of Avantis U.S. Mid Cap Equity ETF in the first quarter valued at approximately $128,000. Quad Cities Investment Group LLC purchased a new position in shares of Avantis U.S. Mid Cap Equity ETF in the first quarter valued at approximately $253,000. Jane Street Group LLC purchased a new position in shares of Avantis U.S. Mid Cap Equity ETF in the fourth quarter valued at approximately $324,000. Finally, Envestnet Asset Management Inc. purchased a new position in shares of Avantis U.S. Mid Cap Equity ETF in the first quarter valued at approximately $444,000. Hedge funds and other institutional investors own 0.13% of the company’s stock.

Avantis U.S. Mid Cap Equity ETF Price Performance

NYSEARCA AVMC opened at $68.91 on Thursday. The firm has a 50 day simple moving average of $66.54 and a 200-day simple moving average of $64.25. Avantis U.S. Mid Cap Equity ETF has a one year low of $53.29 and a one year high of $70.73.

Avantis U.S. Mid Cap Equity ETF Company Profile

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.