Summit Portfolio Management LTD. Takes Position in Avantis U.S. Equity ETF $AVUS

Summit Portfolio Management LTD. purchased a new position in shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 123,280 shares of the company’s stock, valued at approximately $13,706,000. Avantis U.S. Equity ETF comprises approximately 8.8% of Summit Portfolio Management LTD.’s portfolio, making the stock its 4th largest holding. Summit Portfolio Management LTD. owned about 0.12% of Avantis U.S. Equity ETF at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Godfrey Financial Associates Inc. purchased a new stake in Avantis U.S. Equity ETF in the fourth quarter worth $29,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Avantis U.S. Equity ETF during the fourth quarter valued at $29,000. EverSource Wealth Advisors LLC boosted its stake in shares of Avantis U.S. Equity ETF by 138.7% during the second quarter. EverSource Wealth Advisors LLC now owns 358 shares of the company’s stock valued at $36,000 after purchasing an additional 208 shares during the period. Monetary Solutions Ltd purchased a new position in Avantis U.S. Equity ETF in the 4th quarter worth about $39,000. Finally, Federation des caisses Desjardins du Quebec purchased a new position in Avantis U.S. Equity ETF in the 4th quarter worth about $39,000.

Avantis U.S. Equity ETF Price Performance

Avantis U.S. Equity ETF stock opened at $126.82 on Thursday. The stock has a market cap of $13.71 billion, a price-to-earnings ratio of 20.35 and a beta of 0.99. Avantis U.S. Equity ETF has a 1 year low of $100.71 and a 1 year high of $128.86. The firm has a 50-day moving average of $125.92 and a two-hundred day moving average of $118.76.

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.