Crosspoint Financial LLC reduced its stake in Avantis Moderate Allocation ETF (NYSEARCA:AVMA – Free Report) by 59.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,970 shares of the company’s stock after selling 10,230 shares during the quarter. Avantis Moderate Allocation ETF comprises approximately 1.0% of Crosspoint Financial LLC’s portfolio, making the stock its 24th biggest holding. Crosspoint Financial LLC’s holdings in Avantis Moderate Allocation ETF were worth $500,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of AVMA. Diversify Advisory Services LLC grew its stake in Avantis Moderate Allocation ETF by 11.2% in the 3rd quarter. Diversify Advisory Services LLC now owns 18,234 shares of the company’s stock worth $1,320,000 after buying an additional 1,839 shares in the last quarter. Vawter Financial Ltd. increased its holdings in shares of Avantis Moderate Allocation ETF by 4.5% in the 1st quarter. Vawter Financial Ltd. now owns 15,414 shares of the company’s stock worth $1,036,000 after buying an additional 657 shares during the last quarter. Diversify Wealth Management LLC increased its holdings in shares of Avantis Moderate Allocation ETF by 129.3% in the 1st quarter. Diversify Wealth Management LLC now owns 15,044 shares of the company’s stock worth $1,060,000 after buying an additional 8,484 shares during the last quarter. Integrity Wealth Solutions LLC increased its holdings in shares of Avantis Moderate Allocation ETF by 39.9% in the 1st quarter. Integrity Wealth Solutions LLC now owns 13,400 shares of the company’s stock worth $901,000 after buying an additional 3,823 shares during the last quarter. Finally, Commonwealth Equity Services LLC bought a new position in shares of Avantis Moderate Allocation ETF in the 3rd quarter worth $634,000.
Avantis Moderate Allocation ETF Stock Performance
NYSEARCA AVMA opened at $71.10 on Monday. Avantis Moderate Allocation ETF has a 52-week low of $64.07 and a 52-week high of $74.54. The company has a market capitalization of $92.43 million, a P/E ratio of 16.65 and a beta of 0.66. The company has a fifty day moving average of $72.53 and a 200-day moving average of $71.43.
Avantis Moderate Allocation ETF Profile
The Avantis Moderate Allocation ETF (AVMA) is an exchange-traded fund that mostly invests in target risk asset allocation. The fund is an actively managed, asset allocation fund-of-funds that invests with moderate risk in a broad basket of equity and fixed income ETFs. AVMA was launched on Jun 27, 2023 and is managed by American Century Investments.
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