McIlrath & Eck LLC Raises Stock Position in Avantis U.S. Mid Cap Equity ETF (NYSEARCA:AVMC)

McIlrath & Eck LLC lifted its holdings in shares of Avantis U.S. Mid Cap Equity ETF (NYSEARCA:AVMC) by 7.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 634,915 shares of the company’s stock after buying an additional 41,772 shares during the quarter. Avantis U.S. Mid Cap Equity ETF comprises approximately 5.3% of McIlrath & Eck LLC’s investment portfolio, making the stock its 3rd biggest holding. McIlrath & Eck LLC owned about 66.14% of Avantis U.S. Mid Cap Equity ETF worth $41,263,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of AVMC. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Avantis U.S. Mid Cap Equity ETF during the fourth quarter worth $5,737,000. Jane Street Group LLC acquired a new position in Avantis U.S. Mid Cap Equity ETF in the fourth quarter valued at about $324,000. Berger Financial Group Inc boosted its holdings in Avantis U.S. Mid Cap Equity ETF by 10.3% during the fourth quarter. Berger Financial Group Inc now owns 186,174 shares of the company’s stock worth $12,099,000 after buying an additional 17,318 shares during the last quarter. Envision Financial Planning LLC boosted its holdings in Avantis U.S. Mid Cap Equity ETF by 1.2% during the fourth quarter. Envision Financial Planning LLC now owns 94,288 shares of the company’s stock worth $6,128,000 after buying an additional 1,114 shares during the last quarter. Finally, LPL Financial LLC grew its position in shares of Avantis U.S. Mid Cap Equity ETF by 26.5% during the 4th quarter. LPL Financial LLC now owns 47,110 shares of the company’s stock worth $3,062,000 after buying an additional 9,865 shares during the period.

Avantis U.S. Mid Cap Equity ETF Price Performance

Shares of AVMC stock opened at $65.30 on Wednesday. The stock has a market cap of $161.94 million, a PE ratio of 17.45 and a beta of 0.98. The stock has a 50-day moving average of $60.90 and a 200-day moving average of $64.78. Avantis U.S. Mid Cap Equity ETF has a one year low of $53.29 and a one year high of $70.73.

Avantis U.S. Mid Cap Equity ETF Profile

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.