Merit Financial Group LLC Has $125.86 Million Stock Holdings in Avantis All International Markets Equity ETF $AVNM

Merit Financial Group LLC lifted its stake in Avantis All International Markets Equity ETF (NYSEARCA:AVNM) by 4.1% during the third quarter, Holdings Channel.com reports. The fund owned 1,782,652 shares of the company’s stock after buying an additional 70,338 shares during the period. Avantis All International Markets Equity ETF accounts for approximately 1.2% of Merit Financial Group LLC’s holdings, making the stock its 18th largest holding. Merit Financial Group LLC owned about 0.34% of Avantis All International Markets Equity ETF worth $125,855,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Strathmore Capital Advisors Inc. bought a new position in Avantis All International Markets Equity ETF in the second quarter valued at approximately $935,000. Fortress Wealth Management Inc. acquired a new stake in shares of Avantis All International Markets Equity ETF in the 2nd quarter valued at approximately $270,000. Wealth Management Partners LLC bought a new position in shares of Avantis All International Markets Equity ETF in the second quarter valued at $21,374,000. Oak Wealth Advisors LLC increased its holdings in Avantis All International Markets Equity ETF by 58.8% during the second quarter. Oak Wealth Advisors LLC now owns 11,696 shares of the company’s stock worth $764,000 after buying an additional 4,332 shares during the last quarter. Finally, XY Planning Network Inc. acquired a new position in Avantis All International Markets Equity ETF during the second quarter worth $212,000.

Avantis All International Markets Equity ETF Trading Up 0.3%

NYSEARCA AVNM opened at $73.67 on Wednesday. The firm has a market capitalization of $412.55 million, a P/E ratio of 13.10 and a beta of 0.61. The firm’s fifty day moving average price is $72.13 and its two-hundred day moving average price is $69.36. Avantis All International Markets Equity ETF has a 1 year low of $51.41 and a 1 year high of $73.83.

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.