GEM Asset Management LLC Buys New Stake in Avantis U.S. Quality ETF $AVUQ

GEM Asset Management LLC bought a new stake in Avantis U.S. Quality ETF (NASDAQ:AVUQ) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,740 shares of the company’s stock, valued at approximately $593,000.

A number of other large investors also recently added to or reduced their stakes in the company. NewEdge Advisors LLC acquired a new position in Avantis U.S. Quality ETF during the first quarter worth $6,927,000. Orion Capital Management LLC boosted its position in shares of Avantis U.S. Quality ETF by 24,600.0% during the second quarter. Orion Capital Management LLC now owns 4,940 shares of the company’s stock worth $326,000 after buying an additional 4,920 shares during the period. Legacy Financial Group Inc. grew its stake in shares of Avantis U.S. Quality ETF by 14.5% in the first quarter. Legacy Financial Group Inc. now owns 13,710 shares of the company’s stock valued at $778,000 after buying an additional 1,738 shares in the last quarter. Torren Management LLC grew its stake in shares of Avantis U.S. Quality ETF by 0.6% in the second quarter. Torren Management LLC now owns 195,207 shares of the company’s stock valued at $12,884,000 after buying an additional 1,124 shares in the last quarter. Finally, Sankala Group LLC acquired a new stake in shares of Avantis U.S. Quality ETF in the fourth quarter valued at $48,000.

Avantis U.S. Quality ETF Trading Up 0.0%

AVUQ stock opened at $68.77 on Wednesday. The company has a market capitalization of $385.11 million, a PE ratio of 29.10 and a beta of 1.14. Avantis U.S. Quality ETF has a 12-month low of $54.65 and a 12-month high of $69.56. The business’s fifty day moving average price is $67.50 and its 200 day moving average price is $65.37.

Avantis U.S. Quality ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Tuesday, September 8th were issued a dividend of $0.0428 per share. This is a negative change from Avantis U.S. Quality ETF’s previous quarterly dividend of $0.0652. The ex-dividend date was Tuesday, September 8th. This represents a $0.17 dividend on an annualized basis and a yield of 0.2%.

About Avantis U.S. Quality ETF

?The Avantis U.S. Quality ETF (AVUQ) seeks long-term capital appreciation by investing primarily in a diverse group of U.S. companies across various market capitalizations, sectors, and industry groups. The fund emphasizes growth companies, aiming to provide investors with exposure to firms that exhibit strong growth potential.