Envestnet Asset Management Inc. Makes New $13.40 Million Investment in Avantis All International Markets Equity ETF $AVNM

Envestnet Asset Management Inc. acquired a new stake in shares of Avantis All International Markets Equity ETF (NYSEARCA:AVNM) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 189,820 shares of the company’s stock, valued at approximately $13,401,000. Envestnet Asset Management Inc. owned about 3.45% of Avantis All International Markets Equity ETF at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AVNM. Merit Financial Group LLC grew its holdings in Avantis All International Markets Equity ETF by 4.1% in the third quarter. Merit Financial Group LLC now owns 1,782,652 shares of the company’s stock valued at $125,855,000 after purchasing an additional 70,338 shares during the period. Geometric Wealth Advisors raised its stake in 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 purchasing an additional 452,344 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Avantis All International Markets Equity ETF by 0.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 654,291 shares of the company’s stock valued at $46,193,000 after purchasing an additional 4,903 shares during the last quarter. Wealth Management Partners LLC grew its stake in shares of Avantis All International Markets Equity ETF by 0.3% during the 3rd quarter. Wealth Management Partners LLC now owns 330,022 shares of the company’s stock valued at $23,300,000 after buying an additional 934 shares during the period. Finally, BWM Planning LLC increased its holdings in shares of Avantis All International Markets Equity ETF by 9.0% during the 3rd quarter. BWM Planning LLC now owns 260,098 shares of the company’s stock worth $18,363,000 after buying an additional 21,455 shares during the last quarter.

Avantis All International Markets Equity ETF Trading Up 0.2%

Shares of AVNM opened at $81.43 on Tuesday. Avantis All International Markets Equity ETF has a twelve month low of $51.41 and a twelve month high of $82.37. The firm has a market capitalization of $545.58 million, a P/E ratio of 13.10 and a beta of 0.61. The stock’s fifty day simple moving average is $76.29 and its 200 day simple moving average is $72.29.

Avantis All International Markets Equity ETF Profile

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.