Mach 1 Financial Group LLC Makes New Investment in Avantis Emerging Markets ex-China Equity ETF $AVXC

Mach 1 Financial Group LLC bought a new position in shares of Avantis Emerging Markets ex-China Equity ETF (NASDAQ:AVXC) during the fourth quarter, HoldingsChannel.com reports. The firm bought 50,345 shares of the company’s stock, valued at approximately $3,211,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AVXC. AE Wealth Management LLC boosted its holdings in Avantis Emerging Markets ex-China Equity ETF by 56.4% during the fourth quarter. AE Wealth Management LLC now owns 1,045,963 shares of the company’s stock worth $66,701,000 after buying an additional 377,075 shares during the last quarter. Pacific Sage Partners LLC bought a new position in Avantis Emerging Markets ex-China Equity ETF during the third quarter worth about $8,840,000. Mercer Global Advisors Inc. ADV boosted its holdings in Avantis Emerging Markets ex-China Equity ETF by 59.9% during the third quarter. Mercer Global Advisors Inc. ADV now owns 323,614 shares of the company’s stock worth $19,394,000 after buying an additional 121,195 shares during the last quarter. Jane Street Group LLC bought a new position in Avantis Emerging Markets ex-China Equity ETF during the second quarter worth about $5,132,000. Finally, Networth Advisors LLC acquired a new position in Avantis Emerging Markets ex-China Equity ETF in the fourth quarter valued at about $1,950,000.

Avantis Emerging Markets ex-China Equity ETF Price Performance

AVXC stock opened at $79.63 on Thursday. The stock has a market capitalization of $350.37 million, a P/E ratio of 13.75 and a beta of 0.82. The business has a 50-day moving average of $73.42 and a 200-day moving average of $68.86. Avantis Emerging Markets ex-China Equity ETF has a fifty-two week low of $52.90 and a fifty-two week high of $82.77.

Avantis Emerging Markets ex-China Equity ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Tuesday, March 10th were given a dividend of $0.0191 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Tuesday, March 10th.

Avantis Emerging Markets ex-China Equity ETF Profile

The Avantis Emerging Markets ex-China Equity ETF (AVXC) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, investing in emerging market companies (excluding China) with high profitability and value characteristics. The fund seeks long-term capital growth AVXC was launched on Mar 19, 2024 and is issued by American Century Investments.