Gradient Capital Advisors LLC Makes New Investment in Avantis U.S. Mid Cap Equity ETF (NYSEARCA:AVMC)

Gradient Capital Advisors LLC bought a new stake in Avantis U.S. Mid Cap Equity ETF (NYSEARCA:AVMC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,191 shares of the company’s stock, valued at approximately $402,000.

Other institutional investors have also recently made changes to their positions in the company. Proathlete Wealth Management LLC lifted its holdings in Avantis U.S. Mid Cap Equity ETF by 1,819.1% in the 3rd quarter. Proathlete Wealth Management LLC now owns 129,369 shares of the company’s stock valued at $8,313,000 after purchasing an additional 122,628 shares in the last quarter. Envision Financial Planning LLC purchased a new stake in shares of Avantis U.S. Mid Cap Equity ETF during the third quarter worth $5,987,000. McIlrath & Eck LLC raised its position in shares of Avantis U.S. Mid Cap Equity ETF by 8.9% in the third quarter. McIlrath & Eck LLC now owns 593,143 shares of the company’s stock valued at $38,115,000 after buying an additional 48,312 shares during the last quarter. Waypoint Capital Advisors LLC lifted its stake in shares of Avantis U.S. Mid Cap Equity ETF by 253.6% in the third quarter. Waypoint Capital Advisors LLC now owns 66,115 shares of the company’s stock worth $4,249,000 after buying an additional 47,418 shares in the last quarter. Finally, Endeavor Private Wealth Inc. purchased a new position in shares of Avantis U.S. Mid Cap Equity ETF in the fourth quarter worth about $655,000.

Avantis U.S. Mid Cap Equity ETF Trading Down 0.3 %

AVMC stock opened at $67.21 on Wednesday. The firm has a 50-day moving average of $67.11 and a two-hundred day moving average of $65.01. Avantis U.S. Mid Cap Equity ETF has a 12 month low of $56.05 and a 12 month high of $70.73. The company has a market cap of $64.52 million, a price-to-earnings ratio of 17.15 and a beta of 0.98.

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.