Merit Financial Group LLC Grows Holdings in Avantis All International Markets Equity ETF $AVNM

Merit Financial Group LLC grew its stake in shares of Avantis All International Markets Equity ETF (NYSEARCA:AVNM) by 4.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,782,622 shares of the company’s stock after acquiring an additional 70,308 shares during the period. Avantis All International Markets Equity ETF comprises approximately 1.2% of Merit Financial Group LLC’s holdings, making the stock its 18th biggest position. Merit Financial Group LLC owned 0.32% of Avantis All International Markets Equity ETF worth $125,853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in AVNM. XY Planning Network Inc. bought a new position in shares of Avantis All International Markets Equity ETF in the second quarter valued at approximately $212,000. Hutchens & Kramer Investment Management Group LLC purchased a new stake in shares of Avantis All International Markets Equity ETF in the 2nd quarter valued at approximately $251,000. FMB Wealth Management purchased a new position in Avantis All International Markets Equity ETF during the 2nd quarter worth approximately $257,000. Fortress Wealth Management Inc. purchased a new stake in shares of Avantis All International Markets Equity ETF in the second quarter valued at $270,000. Finally, AE Wealth Management LLC purchased a new stake in shares of Avantis All International Markets Equity ETF in the third quarter valued at $363,000.

Avantis All International Markets Equity ETF Trading Up 0.3%

Avantis All International Markets Equity ETF stock opened at $73.67 on Wednesday. Avantis All International Markets Equity ETF has a 1-year low of $51.41 and a 1-year high of $73.83. The firm’s fifty day simple moving average is $72.13 and its 200-day simple moving average is $69.36. The company has a market capitalization of $412.55 million, a P/E ratio of 13.10 and a beta of 0.61.

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.