NewEdge Advisors LLC Cuts Stake in Avantis U.S. Equity ETF $AVUS

NewEdge Advisors LLC lowered its holdings in shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) by 64.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 25,252 shares of the company’s stock after selling 45,579 shares during the period. NewEdge Advisors LLC’s holdings in Avantis U.S. Equity ETF were worth $2,808,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in AVUS. Align Financial LLC bought a new stake in Avantis U.S. Equity ETF in the fourth quarter worth $4,024,752,000. HB Wealth Management LLC grew its stake in shares of Avantis U.S. Equity ETF by 9.4% during the first quarter. HB Wealth Management LLC now owns 5,744,706 shares of the company’s stock valued at $638,692,000 after buying an additional 495,876 shares during the last quarter. Maseco LLP purchased a new position in shares of Avantis U.S. Equity ETF in the first quarter worth about $259,864,000. Focus Partners Wealth increased its holdings in shares of Avantis U.S. Equity ETF by 2.7% in the fourth quarter. Focus Partners Wealth now owns 1,979,602 shares of the company’s stock worth $221,280,000 after buying an additional 52,018 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Avantis U.S. Equity ETF by 145.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,750,845 shares of the company’s stock worth $195,709,000 after buying an additional 1,036,918 shares during the period.

Avantis U.S. Equity ETF Trading Up 0.6%

NYSEARCA AVUS opened at $132.35 on Friday. The firm has a market cap of $14.53 billion, a PE ratio of 20.35 and a beta of 0.99. Avantis U.S. Equity ETF has a 1-year low of $103.64 and a 1-year high of $132.60. The stock has a 50-day moving average of $127.74 and a 200-day moving average of $121.49.

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.