Summit Wealth Partners LLC Acquires 20,270 Shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS)

Summit Wealth Partners LLC increased its holdings in shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) by 27.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 94,011 shares of the company’s stock after acquiring an additional 20,270 shares during the period. Avantis U.S. Equity ETF comprises 1.9% of Summit Wealth Partners LLC’s portfolio, making the stock its 15th biggest position. Summit Wealth Partners LLC owned about 0.13% of Avantis U.S. Equity ETF worth $9,112,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Global Trust Asset Management LLC increased its holdings in shares of Avantis U.S. Equity ETF by 71.4% in the 3rd quarter. Global Trust Asset Management LLC now owns 480 shares of the company’s stock valued at $46,000 after acquiring an additional 200 shares during the period. Fortitude Family Office LLC purchased a new position in shares of Avantis U.S. Equity ETF in the 3rd quarter valued at $95,000. Global Wealth Strategies & Associates purchased a new position in shares of Avantis U.S. Equity ETF in the 4th quarter valued at $97,000. Empower Advisory Group LLC purchased a new position in shares of Avantis U.S. Equity ETF in the 3rd quarter valued at $202,000. Finally, Clarity Asset Management Inc. increased its holdings in shares of Avantis U.S. Equity ETF by 10.1% in the 3rd quarter. Clarity Asset Management Inc. now owns 2,149 shares of the company’s stock valued at $204,000 after acquiring an additional 197 shares during the period.

Avantis U.S. Equity ETF Trading Up 0.4 %

Shares of NYSEARCA:AVUS opened at $100.69 on Thursday. Avantis U.S. Equity ETF has a 12-month low of $82.74 and a 12-month high of $102.23. The business’s fifty day simple moving average is $99.48 and its 200-day simple moving average is $96.10. The company has a market capitalization of $7.26 billion, a PE ratio of 17.22 and a beta of 1.00.

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.