Cogent Private Wealth Inc. Takes $6.40 Million Position in Avantis Moderate Allocation ETF $AVMA

Cogent Private Wealth Inc. bought a new stake in Avantis Moderate Allocation ETF (NYSEARCA:AVMA) in the 4th quarter, Holdings Channel reports. The institutional investor bought 96,482 shares of the company’s stock, valued at approximately $6,398,000. Avantis Moderate Allocation ETF makes up approximately 4.9% of Cogent Private Wealth Inc.’s investment portfolio, making the stock its 2nd biggest holding. Cogent Private Wealth Inc. owned about 0.12% of Avantis Moderate Allocation ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Diversify Wealth Management LLC grew its holdings in shares of Avantis Moderate Allocation ETF by 3.5% during the 3rd quarter. Diversify Wealth Management LLC now owns 6,711 shares of the company’s stock valued at $440,000 after purchasing an additional 227 shares during the last quarter. Farther Finance Advisors LLC bought a new stake in Avantis Moderate Allocation ETF during the 4th quarter worth approximately $40,000. Integrity Wealth Solutions LLC grew its holdings in Avantis Moderate Allocation ETF by 17.4% during the 4th quarter. Integrity Wealth Solutions LLC now owns 9,577 shares of the company’s stock worth $635,000 after acquiring an additional 1,420 shares during the last quarter. Advisory Services Network LLC bought a new stake in Avantis Moderate Allocation ETF during the 3rd quarter worth approximately $139,000. Finally, Arlington Financial Advisors LLC bought a new stake in Avantis Moderate Allocation ETF during the 4th quarter worth approximately $223,000.

Avantis Moderate Allocation ETF Price Performance

AVMA opened at $73.10 on Tuesday. Avantis Moderate Allocation ETF has a fifty-two week low of $60.07 and a fifty-two week high of $73.18. The firm has a market capitalization of $65.79 million, a price-to-earnings ratio of 16.65 and a beta of 0.67. The company’s 50 day moving average price is $70.31 and its two-hundred day moving average price is $68.62.

About Avantis Moderate Allocation ETF

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.