Armbruster Capital Management Inc. Acquires 8,925 Shares of Avantis U.S. Large Cap Equity ETF $AVLC

Armbruster Capital Management Inc. grew its holdings in Avantis U.S. Large Cap Equity ETF (NYSEARCA:AVLC) by 73.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,000 shares of the company’s stock after purchasing an additional 8,925 shares during the period. Armbruster Capital Management Inc. owned about 0.23% of Avantis U.S. Large Cap Equity ETF worth $1,492,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of AVLC. Envestnet Asset Management Inc. increased its holdings in shares of Avantis U.S. Large Cap Equity ETF by 3,200.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 444,137 shares of the company’s stock worth $28,514,000 after purchasing an additional 430,680 shares in the last quarter. Ridgeline Wealth LLC bought a new stake in shares of Avantis U.S. Large Cap Equity ETF in the second quarter worth $29,231,000. Simplicity Wealth LLC grew its holdings in shares of Avantis U.S. Large Cap Equity ETF by 111.9% in the second quarter. Simplicity Wealth LLC now owns 717,174 shares of the company’s stock worth $50,948,000 after acquiring an additional 378,662 shares during the period. Global Strategic Investment Solutions LLC bought a new position in Avantis U.S. Large Cap Equity ETF in the second quarter valued at about $13,339,000. Finally, Cypress Point Wealth Management LLC lifted its holdings in Avantis U.S. Large Cap Equity ETF by 40.4% in the first quarter. Cypress Point Wealth Management LLC now owns 458,063 shares of the company’s stock valued at $29,408,000 after acquiring an additional 131,888 shares during the period.

Avantis U.S. Large Cap Equity ETF Stock Performance

AVLC stock opened at $76.71 on Wednesday. Avantis U.S. Large Cap Equity ETF has a fifty-two week low of $55.47 and a fifty-two week high of $77.27. The business’s 50-day moving average is $74.73 and its two-hundred day moving average is $69.62. The company has a market cap of $759.43 million, a price-to-earnings ratio of 22.04 and a beta of 1.06.

Avantis U.S. Large Cap Equity ETF Profile

The Avantis U.S. Large Cap Equity ETF (AVLC) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in US large-cap stocks of companies perceived to have high-growth characteristics and attractive valuations. The fund aims for long-term capital appreciation AVLC was launched on Sep 26, 2023 and is issued by American Century Investments.