Gradient Investments LLC Raises Holdings in Avantis U.S. Equity ETF $AVUS

Gradient Investments LLC boosted its stake in shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) by 35.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 483,502 shares of the company’s stock after purchasing an additional 125,746 shares during the quarter. Avantis U.S. Equity ETF makes up 0.9% of Gradient Investments LLC’s investment portfolio, making the stock its 27th biggest holding. Gradient Investments LLC owned approximately 0.45% of Avantis U.S. Equity ETF worth $61,927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Align Financial LLC acquired a new position in shares of Avantis U.S. Equity ETF during the fourth quarter worth about $4,024,752,000. HB Wealth Management LLC raised its holdings in Avantis U.S. Equity ETF by 9.4% in the first quarter. HB Wealth Management LLC now owns 5,744,706 shares of the company’s stock valued at $638,692,000 after acquiring an additional 495,876 shares in the last quarter. Maseco LLP acquired a new stake in Avantis U.S. Equity ETF in the first quarter valued at approximately $259,864,000. Focus Partners Wealth lifted its stake in Avantis U.S. Equity ETF by 2.7% in the fourth quarter. Focus Partners Wealth now owns 1,979,602 shares of the company’s stock worth $221,280,000 after acquiring an additional 52,018 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Avantis U.S. Equity ETF by 145.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,750,845 shares of the company’s stock worth $195,709,000 after acquiring an additional 1,036,918 shares during the last quarter.

Avantis U.S. Equity ETF Stock Up 0.4%

NYSEARCA AVUS opened at $131.18 on Friday. Avantis U.S. Equity ETF has a 52 week low of $103.22 and a 52 week high of $132.19. The stock has a market capitalization of $14.40 billion, a PE ratio of 20.35 and a beta of 0.99. The firm has a 50 day moving average of $127.45 and a two-hundred day moving average of $120.97.

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.