Ridgeline Wealth LLC Takes $26.66 Million Position in Avantis U.S. Equity ETF (NYSEARCA:AVUS)

Ridgeline Wealth LLC bought a new position in Avantis U.S. Equity ETF (NYSEARCA:AVUS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 275,080 shares of the company’s stock, valued at approximately $26,663,000. Avantis U.S. Equity ETF makes up about 21.7% of Ridgeline Wealth LLC’s portfolio, making the stock its biggest position. Ridgeline Wealth LLC owned 0.38% of Avantis U.S. Equity ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Versant Capital Management Inc boosted its stake in Avantis U.S. Equity ETF by 0.5% during the 4th quarter. Versant Capital Management Inc now owns 65,088 shares of the company’s stock valued at $6,309,000 after purchasing an additional 331 shares during the period. Global Wealth Strategies & Associates acquired a new stake in Avantis U.S. Equity ETF in the 4th quarter valued at approximately $97,000. Orion Capital Management LLC raised its stake in Avantis U.S. Equity ETF by 17.4% during the 3rd quarter. Orion Capital Management LLC now owns 106,454 shares of the company’s stock valued at $10,129,000 after acquiring an additional 15,781 shares in the last quarter. Clarity Asset Management Inc. boosted its position in Avantis U.S. Equity ETF by 10.1% during the 3rd quarter. Clarity Asset Management Inc. now owns 2,149 shares of the company’s stock worth $204,000 after acquiring an additional 197 shares during the period. Finally, Orion Portfolio Solutions LLC grew its stake in shares of Avantis U.S. Equity ETF by 49.2% in the third quarter. Orion Portfolio Solutions LLC now owns 7,087 shares of the company’s stock worth $674,000 after purchasing an additional 2,337 shares in the last quarter.

Avantis U.S. Equity ETF Trading Up 0.5 %

Shares of NYSEARCA AVUS traded up $0.50 during mid-day trading on Monday, reaching $98.44. The company had a trading volume of 242,721 shares, compared to its average volume of 409,040. The company has a 50-day moving average price of $99.09 and a two-hundred day moving average price of $94.86. The stock has a market cap of $7.10 billion, a PE ratio of 17.22 and a beta of 1.00. Avantis U.S. Equity ETF has a 1-year low of $79.55 and a 1-year high of $102.23.

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.