Ridgeline Wealth LLC Acquires 16,422 Shares of Avantis U.S. Large Cap Equity ETF $AVLC

Ridgeline Wealth LLC boosted its holdings in Avantis U.S. Large Cap Equity ETF (NYSEARCA:AVLC) by 3.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 444,183 shares of the company’s stock after purchasing an additional 16,422 shares during the quarter. Avantis U.S. Large Cap Equity ETF accounts for 24.2% of Ridgeline Wealth LLC’s investment portfolio, making the stock its biggest holding. Ridgeline Wealth LLC’s holdings in Avantis U.S. Large Cap Equity ETF were worth $34,922,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in AVLC. Nemes Rush Group LLC raised its stake in shares of Avantis U.S. Large Cap Equity ETF by 25.3% in the second quarter. Nemes Rush Group LLC now owns 823 shares of the company’s stock worth $58,000 after purchasing an additional 166 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in shares of Avantis U.S. Large Cap Equity ETF during the third quarter valued at approximately $201,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Avantis U.S. Large Cap Equity ETF during the third quarter valued at approximately $202,000. Compound Planning Inc. bought a new stake in Avantis U.S. Large Cap Equity ETF during the third quarter worth $210,000. Finally, Finemark National Bank & Trust bought a new stake in Avantis U.S. Large Cap Equity ETF during the third quarter worth $247,000.

Avantis U.S. Large Cap Equity ETF Trading Down 1.5%

Shares of NYSEARCA:AVLC opened at $76.98 on Monday. The stock’s fifty day simple moving average is $80.56 and its two-hundred day simple moving average is $78.53. Avantis U.S. Large Cap Equity ETF has a 1-year low of $55.47 and a 1-year high of $82.32. The stock has a market cap of $962.25 million, a PE ratio of 22.04 and a beta of 1.07.

Avantis U.S. Large Cap Equity ETF Company Profile

The Avantis U.S. Large Cap Equity ETF (AVLC) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in US large-cap stocks of companies perceived to have high-growth characteristics and attractive valuations. The fund aims for long-term capital appreciation AVLC was launched on Sep 26, 2023 and is issued by American Century Investments.