Cornerstone Wealth Management LLC Makes New $18.74 Million Investment in Avantis U.S. Equity ETF $AVUS

Cornerstone Wealth Management LLC acquired a new stake in shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 146,271 shares of the company’s stock, valued at approximately $18,736,000. Avantis U.S. Equity ETF accounts for about 0.8% of Cornerstone Wealth Management LLC’s holdings, making the stock its 24th biggest position. Cornerstone Wealth Management LLC owned about 0.13% of Avantis U.S. Equity ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Commonwealth Equity Services LLC purchased a new stake in Avantis U.S. Equity ETF in the 3rd quarter worth $186,046,000. RVW Wealth LLC purchased a new stake in shares of Avantis U.S. Equity ETF during the third quarter worth about $116,689,000. B&D White Capital Company LLC purchased a new stake in shares of Avantis U.S. Equity ETF during the third quarter worth about $97,430,000. Simplicity Wealth LLC purchased a new stake in shares of Avantis U.S. Equity ETF during the third quarter worth about $93,246,000. Finally, SC&H Financial Advisors Inc. bought a new stake in Avantis U.S. Equity ETF during the 3rd quarter valued at approximately $83,611,000.

Avantis U.S. Equity ETF Trading Down 0.4%

Shares of AVUS opened at $127.07 on Wednesday. Avantis U.S. Equity ETF has a 12-month low of $105.72 and a 12-month high of $132.81. The company has a market capitalization of $14.60 billion, a PE ratio of 19.41 and a beta of 1.01. The business’s 50 day moving average is $129.10 and its 200 day moving average is $123.92.

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.