Elevation Wealth Partners LLC Raises Holdings in Avantis U.S. Equity ETF $AVUS

Elevation Wealth Partners LLC lifted its stake in shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) by 13.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,679 shares of the company’s stock after acquiring an additional 4,537 shares during the quarter. Avantis U.S. Equity ETF comprises about 1.4% of Elevation Wealth Partners LLC’s investment portfolio, making the stock its 15th biggest holding. Elevation Wealth Partners LLC’s holdings in Avantis U.S. Equity ETF were worth $4,954,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of AVUS. Kwmg LLC acquired a new stake in shares of Avantis U.S. Equity ETF during the third quarter worth $17,347,000. RVW Wealth LLC acquired a new position in shares of Avantis U.S. Equity ETF in the third quarter worth about $116,689,000. Collective Family Office LLC acquired a new position in shares of Avantis U.S. Equity ETF in the third quarter worth about $1,446,000. Versant Capital Management Inc purchased a new position in shares of Avantis U.S. Equity ETF in the third quarter worth approximately $9,116,000. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Avantis U.S. Equity ETF by 9.7% during the second quarter. Envestnet Asset Management Inc. now owns 2,009,207 shares of the company’s stock valued at $257,339,000 after acquiring an additional 177,765 shares during the period.

Avantis U.S. Equity ETF Stock Performance

Shares of NYSEARCA:AVUS traded down $0.56 during mid-day trading on Wednesday, hitting $130.20. The stock had a trading volume of 248,400 shares, compared to its average volume of 321,997. The company’s 50 day moving average is $130.01 and its 200-day moving average is $125.48. Avantis U.S. Equity ETF has a 12-month low of $105.72 and a 12-month high of $132.81. The company has a market cap of $14.69 billion, a PE ratio of 20.35 and a beta of 1.00.

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.