Tortoise Investment Management LLC Increases Position in Avantis U.S. Equity ETF $AVUS

Tortoise Investment Management LLC lifted its position in shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 359,435 shares of the company’s stock after purchasing an additional 15,652 shares during the quarter. Avantis U.S. Equity ETF accounts for 3.5% of Tortoise Investment Management LLC’s portfolio, making the stock its 3rd largest position. Tortoise Investment Management LLC owned approximately 0.38% of Avantis U.S. Equity ETF worth $40,178,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AVUS. Brighton Jones LLC acquired a new stake in shares of Avantis U.S. Equity ETF during the fourth quarter worth $670,000. EverSource Wealth Advisors LLC raised its holdings in shares of Avantis U.S. Equity ETF by 138.7% during the second quarter. EverSource Wealth Advisors LLC now owns 358 shares of the company’s stock worth $36,000 after acquiring an additional 208 shares during the period. First Trust Advisors LP raised its holdings in shares of Avantis U.S. Equity ETF by 140.4% during the second quarter. First Trust Advisors LP now owns 15,448 shares of the company’s stock worth $1,557,000 after acquiring an additional 9,022 shares during the period. Qube Research & Technologies Ltd raised its holdings in shares of Avantis U.S. Equity ETF by 17.6% during the second quarter. Qube Research & Technologies Ltd now owns 964 shares of the company’s stock worth $97,000 after acquiring an additional 144 shares during the period. Finally, Quantinno Capital Management LP acquired a new stake in shares of Avantis U.S. Equity ETF during the second quarter worth $1,901,000.

Avantis U.S. Equity ETF Stock Down 0.1%

Shares of NYSEARCA:AVUS opened at $124.24 on Tuesday. Avantis U.S. Equity ETF has a 12 month low of $94.17 and a 12 month high of $126.16. The company’s fifty day simple moving average is $116.92 and its 200 day simple moving average is $114.50. The firm has a market cap of $12.41 billion, a price-to-earnings ratio of 20.35 and a beta of 0.99.

About Avantis U.S. Equity ETF

The Avantis U.S. Equity ETF (AVUS) is an exchange-traded fund that is based on the Russell 3000 index. The fund is an actively managed portfolio of US equities of all market capitalizations, with a bias toward smaller, more profitable or value companies. AVUS was launched on Sep 24, 2019 and is managed by American Century Investments.