Lane Brothers & Co. Inc. Invests $5.16 Million in Avantis U.S. Equity ETF $AVUS

Lane Brothers & Co. Inc. purchased a new position in shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 46,174 shares of the company’s stock, valued at approximately $5,161,000. Avantis U.S. Equity ETF accounts for about 3.7% of Lane Brothers & Co. Inc.’s portfolio, making the stock its 8th biggest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CPC Advisors LLC grew its stake in shares of Avantis U.S. Equity ETF by 1.4% during the fourth quarter. CPC Advisors LLC now owns 488,010 shares of the company’s stock valued at $54,550,000 after buying an additional 6,820 shares during the last quarter. Leo Wealth LLC increased its position in shares of Avantis U.S. Equity ETF by 81.0% in the fourth quarter. Leo Wealth LLC now owns 483,817 shares of the company’s stock valued at $54,104,000 after acquiring an additional 216,502 shares during the period. Signature Resources Capital Management LLC increased its position in shares of Avantis U.S. Equity ETF by 5.6% in the fourth quarter. Signature Resources Capital Management LLC now owns 271,612 shares of the company’s stock valued at $30,361,000 after acquiring an additional 14,461 shares during the period. Tandemgrowth Financial Advisors LLC bought a new position in shares of Avantis U.S. Equity ETF during the fourth quarter valued at about $34,880,000. Finally, American Century Companies Inc. raised its position in Avantis U.S. Equity ETF by 2.8% during the 3rd quarter. American Century Companies Inc. now owns 3,571,038 shares of the company’s stock valued at $388,172,000 after purchasing an additional 96,975 shares during the last quarter.

Avantis U.S. Equity ETF Price Performance

Shares of AVUS stock opened at $127.64 on Friday. The stock has a fifty day moving average of $123.90 and a 200 day moving average of $117.33. Avantis U.S. Equity ETF has a 52 week low of $97.00 and a 52 week high of $128.86. The firm has a market capitalization of $12.75 billion, a price-to-earnings ratio of 20.35 and a beta of 0.99.

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.