Avantis U.S. Equity ETF $AVUS Shares Bought by Magnolia Private Wealth LLC

Magnolia Private Wealth LLC raised its position in Avantis U.S. Equity ETF (NYSEARCA:AVUS) by 146.6% during the third quarter, HoldingsChannel.com reports. The firm owned 233,049 shares of the company’s stock after buying an additional 138,555 shares during the quarter. Avantis U.S. Equity ETF comprises 15.8% of Magnolia Private Wealth LLC’s investment portfolio, making the stock its biggest position. Magnolia Private Wealth LLC’s holdings in Avantis U.S. Equity ETF were worth $25,332,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC acquired a new stake in Avantis U.S. Equity ETF during the 4th quarter worth approximately $670,000. Truist Financial Corp lifted its position in Avantis U.S. Equity ETF by 34.3% during the second quarter. Truist Financial Corp now owns 6,886 shares of the company’s stock valued at $694,000 after buying an additional 1,757 shares in the last quarter. Almanack Investment Partners LLC. purchased a new stake in Avantis U.S. Equity ETF during the second quarter worth approximately $206,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Avantis U.S. Equity ETF in the second quarter worth $200,000. Finally, Axxcess Wealth Management LLC raised its stake in shares of Avantis U.S. Equity ETF by 11.4% in the 2nd quarter. Axxcess Wealth Management LLC now owns 87,565 shares of the company’s stock valued at $8,828,000 after acquiring an additional 8,931 shares during the period.

Avantis U.S. Equity ETF Trading Down 0.3%

NYSEARCA:AVUS opened at $117.13 on Wednesday. The firm’s fifty day simple moving average is $113.90 and its 200 day simple moving average is $109.78. Avantis U.S. Equity ETF has a twelve month low of $79.20 and a twelve month high of $117.86. The firm has a market capitalization of $11.20 billion, a price-to-earnings ratio of 20.35 and a beta of 1.02.

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.