Envestnet Asset Management Inc. Reduces Stock Holdings in Avantis U.S. Equity ETF $AVUS

Envestnet Asset Management Inc. reduced its position in shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) by 3.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,621,727 shares of the company’s stock after selling 53,125 shares during the period. Envestnet Asset Management Inc.’s holdings in Avantis U.S. Equity ETF were worth $176,282,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC purchased a new stake in shares of Avantis U.S. Equity ETF in the 4th quarter valued at approximately $670,000. Truist Financial Corp lifted its holdings in Avantis U.S. Equity ETF by 34.3% in the second quarter. Truist Financial Corp now owns 6,886 shares of the company’s stock valued at $694,000 after acquiring an additional 1,757 shares during the last quarter. WMG Financial Advisors LLC grew its position in Avantis U.S. Equity ETF by 4.0% in the second quarter. WMG Financial Advisors LLC now owns 508,378 shares of the company’s stock worth $51,255,000 after acquiring an additional 19,413 shares during the period. Riverchase Wealth Management LLC increased its stake in Avantis U.S. Equity ETF by 36.3% during the second quarter. Riverchase Wealth Management LLC now owns 25,517 shares of the company’s stock worth $2,573,000 after acquiring an additional 6,791 shares during the last quarter. Finally, Endeavor Private Wealth Inc. raised its position in Avantis U.S. Equity ETF by 15.7% in the second quarter. Endeavor Private Wealth Inc. now owns 85,583 shares of the company’s stock valued at $8,628,000 after purchasing an additional 11,586 shares during the period.

Avantis U.S. Equity ETF Stock Up 2.1%

Shares of Avantis U.S. Equity ETF stock opened at $117.21 on Friday. The firm has a market cap of $11.21 billion, a PE ratio of 20.35 and a beta of 1.02. Avantis U.S. Equity ETF has a 52 week low of $79.20 and a 52 week high of $117.42. The business’s fifty day simple moving average is $113.65 and its 200-day simple moving average is $109.50.

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.