LPL Financial LLC Buys 9,865 Shares of Avantis U.S. Mid Cap Equity ETF (NYSEARCA:AVMC)

LPL Financial LLC raised its stake in Avantis U.S. Mid Cap Equity ETF (NYSEARCA:AVMC) by 26.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 47,110 shares of the company’s stock after acquiring an additional 9,865 shares during the period. LPL Financial LLC’s holdings in Avantis U.S. Mid Cap Equity ETF were worth $3,062,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. McIlrath & Eck LLC increased its position in shares of Avantis U.S. Mid Cap Equity ETF by 8.9% during the third quarter. McIlrath & Eck LLC now owns 593,143 shares of the company’s stock worth $38,115,000 after buying an additional 48,312 shares during the period. Endeavor Private Wealth Inc. bought a new position in Avantis U.S. Mid Cap Equity ETF during the fourth quarter worth $655,000. Proathlete Wealth Management LLC boosted its stake in Avantis U.S. Mid Cap Equity ETF by 7.0% during the fourth quarter. Proathlete Wealth Management LLC now owns 138,367 shares of the company’s stock worth $8,993,000 after acquiring an additional 8,998 shares in the last quarter. American Century Companies Inc. grew its holdings in Avantis U.S. Mid Cap Equity ETF by 8.3% in the fourth quarter. American Century Companies Inc. now owns 94,566 shares of the company’s stock worth $6,146,000 after purchasing an additional 7,277 shares during the period. Finally, WMG Financial Advisors LLC increased its stake in Avantis U.S. Mid Cap Equity ETF by 50.6% in the fourth quarter. WMG Financial Advisors LLC now owns 18,750 shares of the company’s stock valued at $1,219,000 after purchasing an additional 6,300 shares in the last quarter.

Avantis U.S. Mid Cap Equity ETF Trading Up 1.4 %

Shares of NYSEARCA AVMC opened at $57.69 on Friday. The firm has a market capitalization of $147.69 million, a P/E ratio of 17.80 and a beta of 0.98. The firm’s 50-day moving average price is $63.10 and its 200-day moving average price is $65.39. Avantis U.S. Mid Cap Equity ETF has a 1-year low of $53.29 and a 1-year high of $70.73.

Avantis U.S. Mid Cap Equity ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th were paid a $0.1878 dividend. The ex-dividend date of this dividend was Tuesday, March 25th. This is a boost from Avantis U.S. Mid Cap Equity ETF’s previous dividend of $0.16.

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.