Wedbush Securities Inc. Invests $6.71 Million in Avantis U.S. Equity ETF $AVUS

Wedbush Securities Inc. acquired a new position in Avantis U.S. Equity ETF (NYSEARCA:AVUS) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 68,767 shares of the company’s stock, valued at approximately $6,709,000. Wedbush Securities Inc. owned approximately 0.06% of Avantis U.S. Equity ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AVUS. Godfrey Financial Associates Inc. purchased a new position in shares of Avantis U.S. Equity ETF during the fourth quarter valued at approximately $29,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Avantis U.S. Equity ETF in the 4th quarter worth approximately $29,000. Monetary Solutions Ltd purchased a new stake in shares of Avantis U.S. Equity ETF in the 4th quarter worth approximately $39,000. Federation des caisses Desjardins du Quebec bought a new position in Avantis U.S. Equity ETF during the 4th quarter valued at approximately $39,000. Finally, EverSource Wealth Advisors LLC increased its position in Avantis U.S. Equity ETF by 138.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 358 shares of the company’s stock valued at $36,000 after buying an additional 208 shares in the last quarter.

Avantis U.S. Equity ETF Price Performance

Shares of Avantis U.S. Equity ETF stock opened at $130.53 on Friday. Avantis U.S. Equity ETF has a 1 year low of $104.56 and a 1 year high of $132.81. The firm’s 50-day moving average is $128.73 and its 200 day moving average is $122.60. The stock has a market cap of $14.33 billion, a price-to-earnings ratio of 20.35 and a beta of 0.99.

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.