Gradient Investments LLC Makes New $70.11 Million Investment in Avantis U.S. Equity ETF $AVUS

Gradient Investments LLC bought a new position in shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 547,307 shares of the company’s stock, valued at approximately $70,105,000. Avantis U.S. Equity ETF accounts for approximately 1.0% of Gradient Investments LLC’s portfolio, making the stock its 18th biggest holding. Gradient Investments LLC owned approximately 0.49% of Avantis U.S. Equity ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AVUS. Winebrenner Capital Management LLC grew its stake in Avantis U.S. Equity ETF by 8.6% during the third quarter. Winebrenner Capital Management LLC now owns 4,487 shares of the company’s stock worth $575,000 after buying an additional 354 shares in the last quarter. Elevation Wealth Partners LLC boosted its stake in Avantis U.S. Equity ETF by 13.3% during the third quarter. Elevation Wealth Partners LLC now owns 38,679 shares of the company’s stock worth $4,954,000 after acquiring an additional 4,537 shares in the last quarter. Kwmg LLC acquired a new stake in Avantis U.S. Equity ETF in the 3rd quarter valued at $17,347,000. RVW Wealth LLC purchased a new stake in Avantis U.S. Equity ETF in the 3rd quarter valued at $116,689,000. Finally, Collective Family Office LLC purchased a new stake in shares of Avantis U.S. Equity ETF during the third quarter valued at approximately $1,446,000.

Avantis U.S. Equity ETF Stock Down 0.5%

Avantis U.S. Equity ETF stock traded down $0.65 during trading on Thursday, hitting $129.56. The stock had a trading volume of 170,403 shares, compared to its average volume of 321,144. The stock’s 50 day moving average is $130.01 and its two-hundred day moving average is $125.48. The stock has a market cap of $14.61 billion, a price-to-earnings ratio of 20.35 and a beta of 1.00. Avantis U.S. Equity ETF has a 1 year low of $105.72 and a 1 year high of $132.81.

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.