Mercer Global Advisors Inc. ADV Invests $1.34 Million in Avantis All Equity Markets ETF (NYSEARCA:AVGE)

Mercer Global Advisors Inc. ADV acquired a new stake in shares of Avantis All Equity Markets ETF (NYSEARCA:AVGE) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 18,545 shares of the company’s stock, valued at approximately $1,342,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parkworth Wealth Management Inc. bought a new stake in shares of Avantis All Equity Markets ETF during the 4th quarter valued at $28,000. JPMorgan Chase & Co. bought a new stake in Avantis All Equity Markets ETF during the third quarter valued at about $34,000. Prudent Man Investment Management Inc. purchased a new position in shares of Avantis All Equity Markets ETF in the fourth quarter valued at about $37,000. EverSource Wealth Advisors LLC boosted its stake in shares of Avantis All Equity Markets ETF by 81.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,815 shares of the company’s stock worth $131,000 after acquiring an additional 812 shares during the period. Finally, Red Lighthouse Investment Management LLC grew its position in shares of Avantis All Equity Markets ETF by 73.9% during the fourth quarter. Red Lighthouse Investment Management LLC now owns 2,109 shares of the company’s stock worth $153,000 after purchasing an additional 896 shares in the last quarter.

Avantis All Equity Markets ETF Trading Up 0.5 %

Shares of AVGE opened at $72.00 on Friday. Avantis All Equity Markets ETF has a 12-month low of $61.77 and a 12-month high of $76.92. The company has a market capitalization of $493.20 million, a PE ratio of 15.75 and a beta of 1.00. The business’s 50 day moving average is $70.00 and its 200 day moving average is $72.90.

About Avantis All Equity Markets ETF

The Avantis All Equity Markets ETF (AVGE) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that seeks long-term capital appreciation through investments in equity portfolios holding a wide variety of securities with higher expected returns.