Summit Portfolio Management LTD. Acquires New Shares in Avantis U.S. Equity ETF $AVUS

Summit Portfolio Management LTD. bought a new position in shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) during the 1st quarter, HoldingsChannel reports. The firm bought 123,280 shares of the company’s stock, valued at approximately $13,706,000. Avantis U.S. Equity ETF comprises approximately 8.8% of Summit Portfolio Management LTD.’s holdings, making the stock its 4th largest position.

Several other large investors have also modified their holdings of AVUS. CPC Advisors LLC raised its stake in Avantis U.S. Equity ETF by 1.4% in the fourth quarter. CPC Advisors LLC now owns 488,010 shares of the company’s stock worth $54,550,000 after buying an additional 6,820 shares in the last quarter. Tandemgrowth Financial Advisors LLC bought a new stake in Avantis U.S. Equity ETF during the 4th quarter valued at $34,880,000. Leo Wealth LLC boosted its position in Avantis U.S. Equity ETF by 81.0% during the 4th quarter. Leo Wealth LLC now owns 483,817 shares of the company’s stock valued at $54,104,000 after acquiring an additional 216,502 shares in the last quarter. Signature Resources Capital Management LLC increased its holdings in shares of Avantis U.S. Equity ETF by 5.6% in the 4th quarter. Signature Resources Capital Management LLC now owns 271,612 shares of the company’s stock valued at $30,361,000 after acquiring an additional 14,461 shares during the period. Finally, Revolve Wealth Partners LLC purchased a new position in shares of Avantis U.S. Equity ETF in the 4th quarter valued at $1,835,000.

Avantis U.S. Equity ETF Price Performance

Shares of NYSEARCA AVUS opened at $126.82 on Thursday. Avantis U.S. Equity ETF has a 1-year low of $100.71 and a 1-year high of $128.86. The business has a fifty day moving average price of $125.92 and a 200 day moving average price of $118.76. The stock has a market capitalization of $13.71 billion, a P/E ratio of 20.35 and a beta of 0.99.

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.