Gradient Investments LLC Buys 547,307 Shares of Avantis U.S. Equity ETF $AVUS

Gradient Investments LLC acquired a new position in Avantis U.S. Equity ETF (NYSEARCA:AVUS) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 547,307 shares of the company’s stock, valued at approximately $70,105,000. Avantis U.S. Equity ETF accounts for 1.0% of Gradient Investments LLC’s holdings, making the stock its 18th biggest position.

Several other large investors have also recently made changes to their positions in the business. Align Financial LLC purchased a new position in shares of Avantis U.S. Equity ETF in the 4th quarter worth about $4,024,752,000. HB Wealth Management LLC lifted its position in shares of Avantis U.S. Equity ETF by 4.9% during the 2nd quarter. HB Wealth Management LLC now owns 6,026,439 shares of the company’s stock valued at $771,865,000 after buying an additional 281,733 shares in the last quarter. Maseco LLP purchased a new stake in Avantis U.S. Equity ETF in the 1st quarter worth $259,864,000. Annex Advisory Services LLC raised its stake in Avantis U.S. Equity ETF by 5.0% during the 2nd quarter. Annex Advisory Services LLC now owns 2,025,359 shares of the company’s stock valued at $259,408,000 after purchasing an additional 96,288 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in shares of Avantis U.S. Equity ETF by 9.7% during the second quarter. Envestnet Asset Management Inc. now owns 2,009,207 shares of the company’s stock worth $257,339,000 after acquiring an additional 177,765 shares during the last quarter.

Avantis U.S. Equity ETF Stock Down 0.5%

AVUS stock traded down $0.65 during mid-day trading on Thursday, hitting $129.56. The company had a trading volume of 170,403 shares, compared to its average volume of 321,144. The company has a market capitalization of $14.61 billion, a price-to-earnings ratio of 20.35 and a beta of 1.00. Avantis U.S. Equity ETF has a 12-month low of $105.72 and a 12-month high of $132.81. The company has a 50-day moving average price of $130.01 and a 200 day moving average price of $125.48.

Avantis U.S. Equity ETF Company 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.