Avantis U.S. Equity ETF $AVUS Shares Newly Acquired by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC bought a new position in Avantis U.S. Equity ETF (NYSEARCA:AVUS) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 146,271 shares of the company’s stock, valued at approximately $18,736,000. Avantis U.S. Equity ETF makes up 0.8% of Cornerstone Wealth Management LLC’s holdings, making the stock its 24th largest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its position in shares of Avantis U.S. Equity ETF by 9.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,009,207 shares of the company’s stock valued at $257,339,000 after acquiring an additional 177,765 shares during the last quarter. Andrews Lucia Wealth Management LLC grew its holdings in shares of Avantis U.S. Equity ETF by 35.3% in the second quarter. Andrews Lucia Wealth Management LLC now owns 41,887 shares of the company’s stock valued at $5,365,000 after purchasing an additional 10,930 shares in the last quarter. Sensenig Capital Advisors Inc increased its position in Avantis U.S. Equity ETF by 1.9% in the second quarter. Sensenig Capital Advisors Inc now owns 243,335 shares of the company’s stock worth $31,166,000 after purchasing an additional 4,497 shares during the last quarter. Avestar Capital LLC bought a new stake in Avantis U.S. Equity ETF in the third quarter worth $853,000. Finally, Bank of America Corp DE raised its stake in Avantis U.S. Equity ETF by 91.3% during the first quarter. Bank of America Corp DE now owns 875,159 shares of the company’s stock valued at $97,300,000 after purchasing an additional 417,664 shares in the last quarter.

Avantis U.S. Equity ETF Stock Down 0.4%

Avantis U.S. Equity ETF stock opened at $127.07 on Wednesday. Avantis U.S. Equity ETF has a 52-week low of $105.72 and a 52-week high of $132.81. The firm’s fifty day moving average is $129.10 and its 200 day moving average is $123.92. The company has a market cap of $14.60 billion, a price-to-earnings ratio of 19.41 and a beta of 1.01.

Avantis U.S. Equity ETF Profile

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.