Acorn Financial Advisory Services Inc. ADV Sells 131,959 Shares of Avantis U.S. Equity ETF $AVUS

Acorn Financial Advisory Services Inc. ADV lowered its position in shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) by 83.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,869 shares of the company’s stock after selling 131,959 shares during the quarter. Acorn Financial Advisory Services Inc. ADV’s holdings in Avantis U.S. Equity ETF were worth $2,987,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Align Financial LLC bought a new stake in Avantis U.S. Equity ETF during the fourth quarter worth about $4,024,752,000. HB Wealth Management LLC raised its stake in shares of Avantis U.S. Equity ETF by 10.2% in the fourth quarter. HB Wealth Management LLC now owns 5,248,830 shares of the company’s stock valued at $586,714,000 after acquiring an additional 486,787 shares during the last quarter. Maseco LLP bought a new position in shares of Avantis U.S. Equity ETF in the first quarter valued at approximately $259,864,000. Focus Partners Wealth boosted its holdings in shares of Avantis U.S. Equity ETF by 2.7% in the 4th 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 in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Avantis U.S. Equity ETF by 145.2% in the 4th 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 in the last quarter.

Avantis U.S. Equity ETF Price Performance

NYSEARCA AVUS opened at $128.08 on Wednesday. The firm has a market cap of $12.80 billion, a PE ratio of 20.35 and a beta of 0.99. Avantis U.S. Equity ETF has a one year low of $100.60 and a one year high of $128.86. The stock’s 50 day simple moving average is $125.13 and its 200 day simple moving average is $118.11.

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.