LPL Financial LLC Trims Stake in Avantis Moderate Allocation ETF $AVMA

LPL Financial LLC lessened its stake in Avantis Moderate Allocation ETF (NYSEARCA:AVMA) by 14.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,812 shares of the company’s stock after selling 6,777 shares during the period. LPL Financial LLC owned about 8.16% of Avantis Moderate Allocation ETF worth $2,368,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. acquired a new position in shares of Avantis Moderate Allocation ETF in the 4th quarter valued at $217,000. Crosspoint Financial LLC purchased a new stake in shares of Avantis Moderate Allocation ETF during the 1st quarter worth about $290,000. Integrity Wealth Solutions LLC increased its stake in shares of Avantis Moderate Allocation ETF by 11.5% in the 1st quarter. Integrity Wealth Solutions LLC now owns 7,395 shares of the company’s stock valued at $429,000 after purchasing an additional 765 shares in the last quarter. Versant Capital Management Inc raised its holdings in Avantis Moderate Allocation ETF by 649.2% in the 1st quarter. Versant Capital Management Inc now owns 10,901 shares of the company’s stock worth $632,000 after purchasing an additional 9,446 shares during the period. Finally, Vawter Financial Ltd. raised its holdings in Avantis Moderate Allocation ETF by 9.0% in the 1st quarter. Vawter Financial Ltd. now owns 15,737 shares of the company’s stock worth $913,000 after purchasing an additional 1,294 shares during the period.

Avantis Moderate Allocation ETF Trading Up 0.1%

Shares of AVMA stock opened at $63.30 on Tuesday. Avantis Moderate Allocation ETF has a 12-month low of $52.83 and a 12-month high of $63.57. The business’s 50 day moving average is $61.92 and its two-hundred day moving average is $59.68. The company has a market capitalization of $37.35 million, a P/E ratio of 16.65 and a beta of 0.71.

About Avantis Moderate Allocation ETF

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.