Lane Brothers & Co. Inc. Lowers Stock Holdings in Avantis U.S. Equity ETF $AVUS

Lane Brothers & Co. Inc. cut its stake in Avantis U.S. Equity ETF (NYSEARCA:AVUS) by 9.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,715 shares of the company’s stock after selling 4,459 shares during the period. Avantis U.S. Equity ETF comprises approximately 3.4% of Lane Brothers & Co. Inc.’s holdings, making the stock its 8th largest holding. Lane Brothers & Co. Inc.’s holdings in Avantis U.S. Equity ETF were worth $4,638,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AVUS. Align Financial LLC acquired a new position in Avantis U.S. Equity ETF during the fourth quarter worth $4,024,752,000. Maseco LLP acquired a new stake in shares of Avantis U.S. Equity ETF in the 1st quarter valued at $259,864,000. Financial Plan Inc. acquired a new stake in shares of Avantis U.S. Equity ETF in the 4th quarter valued at $149,298,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Avantis U.S. Equity ETF by 145.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,750,845 shares of the company’s stock valued at $195,709,000 after purchasing an additional 1,036,918 shares in the last quarter. Finally, HB Wealth Management LLC grew its holdings in shares of Avantis U.S. Equity ETF by 9.4% in the 1st quarter. HB Wealth Management LLC now owns 5,744,706 shares of the company’s stock worth $638,692,000 after purchasing an additional 495,876 shares during the last quarter.

Avantis U.S. Equity ETF Stock Up 0.2%

Shares of Avantis U.S. Equity ETF stock opened at $128.51 on Thursday. The stock has a market capitalization of $13.93 billion, a P/E ratio of 20.35 and a beta of 0.99. The company has a 50-day simple moving average of $126.51 and a 200 day simple moving average of $119.31. Avantis U.S. Equity ETF has a 12-month low of $100.71 and a 12-month high of $128.86.

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.