Waypoint Capital Advisors LLC Grows Position in Avantis U.S. Mid Cap Equity ETF (NYSEARCA:AVMC)

Waypoint Capital Advisors LLC increased its holdings in shares of Avantis U.S. Mid Cap Equity ETF (NYSEARCA:AVMC) by 253.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,115 shares of the company’s stock after purchasing an additional 47,418 shares during the quarter. Avantis U.S. Mid Cap Equity ETF accounts for approximately 0.9% of Waypoint Capital Advisors LLC’s portfolio, making the stock its 27th biggest position. Waypoint Capital Advisors LLC owned about 6.89% of Avantis U.S. Mid Cap Equity ETF worth $4,249,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of AVMC. CGN Advisors LLC purchased a new stake in Avantis U.S. Mid Cap Equity ETF in the second quarter valued at approximately $4,860,000. Arlington Financial Advisors LLC acquired a new position in Avantis U.S. Mid Cap Equity ETF during the 1st quarter worth about $1,136,000. American Century Companies Inc. lifted its stake in Avantis U.S. Mid Cap Equity ETF by 12.3% during the 2nd quarter. American Century Companies Inc. now owns 77,190 shares of the company’s stock worth $4,577,000 after acquiring an additional 8,475 shares in the last quarter. Proathlete Wealth Management LLC purchased a new position in Avantis U.S. Mid Cap Equity ETF during the 2nd quarter valued at about $400,000. Finally, My Personal CFO LLC acquired a new position in Avantis U.S. Mid Cap Equity ETF in the 2nd quarter valued at about $328,000.

Avantis U.S. Mid Cap Equity ETF Stock Performance

Shares of AVMC opened at $65.76 on Friday. The company’s 50-day simple moving average is $62.71 and its 200-day simple moving average is $60.94. Avantis U.S. Mid Cap Equity ETF has a 1 year low of $48.84 and a 1 year high of $65.83. The stock has a market capitalization of $63.13 million, a PE ratio of 17.15 and a beta of 0.98.

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.