Magnolia Private Wealth LLC Purchases 138,555 Shares of Avantis U.S. Equity ETF $AVUS

Magnolia Private Wealth LLC boosted its position in Avantis U.S. Equity ETF (NYSEARCA:AVUS) by 146.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 233,049 shares of the company’s stock after acquiring an additional 138,555 shares during the period. Avantis U.S. Equity ETF comprises approximately 15.8% of Magnolia Private Wealth LLC’s holdings, making the stock its biggest holding. Magnolia Private Wealth LLC owned 0.26% of Avantis U.S. Equity ETF worth $25,332,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Brighton Jones LLC purchased a new stake in shares of Avantis U.S. Equity ETF in the fourth quarter valued at $670,000. Truist Financial Corp boosted its stake in Avantis U.S. Equity ETF by 34.3% in the 2nd quarter. Truist Financial Corp now owns 6,886 shares of the company’s stock worth $694,000 after buying an additional 1,757 shares during the last quarter. Almanack Investment Partners LLC. purchased a new stake in Avantis U.S. Equity ETF in the 2nd quarter valued at about $206,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Avantis U.S. Equity ETF during the 2nd quarter valued at about $200,000. Finally, Axxcess Wealth Management LLC boosted its position in shares of Avantis U.S. Equity ETF by 11.4% in the second quarter. Axxcess Wealth Management LLC now owns 87,565 shares of the company’s stock worth $8,828,000 after acquiring an additional 8,931 shares during the last quarter.

Avantis U.S. Equity ETF Stock Performance

Shares of AVUS stock opened at $117.13 on Wednesday. The firm has a market capitalization of $11.20 billion, a price-to-earnings ratio of 20.35 and a beta of 1.02. Avantis U.S. Equity ETF has a one year low of $79.20 and a one year high of $117.86. The company has a 50 day moving average price of $113.90 and a 200 day moving average price of $109.78.

Avantis U.S. Equity ETF 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.