PFG Private Wealth Management LLC Purchases New Position in Avantis Moderate Allocation ETF $AVMA

PFG Private Wealth Management LLC purchased a new position in Avantis Moderate Allocation ETF (NYSEARCA:AVMA) in the 3rd quarter, HoldingsChannel reports. The firm purchased 8,157 shares of the company’s stock, valued at approximately $531,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AVMA. Keystone Financial Group Inc. bought a new stake in shares of Avantis Moderate Allocation ETF in the 3rd quarter valued at approximately $164,000. Integrity Wealth Solutions LLC raised its holdings in Avantis Moderate Allocation ETF by 15.5% during the 2nd quarter. Integrity Wealth Solutions LLC now owns 8,542 shares of the company’s stock valued at $525,000 after buying an additional 1,147 shares during the period. Versant Capital Management Inc raised its holdings in Avantis Moderate Allocation ETF by 51.0% during the 3rd quarter. Versant Capital Management Inc now owns 10,664 shares of the company’s stock valued at $694,000 after buying an additional 3,604 shares during the period. Finally, Great Point Wealth Advisors LLC bought a new stake in Avantis Moderate Allocation ETF in the third quarter worth $5,912,000.

Avantis Moderate Allocation ETF Stock Down 0.9%

NYSEARCA AVMA opened at $69.67 on Friday. Avantis Moderate Allocation ETF has a 52 week low of $52.83 and a 52 week high of $70.72. The firm has a market capitalization of $55.74 million, a price-to-earnings ratio of 16.65 and a beta of 0.71. The company has a fifty day moving average of $67.71 and a two-hundred day moving average of $65.69.

Avantis Moderate Allocation ETF Company 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.