Bridgewater Advisors Inc. Acquires 38,354 Shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS)

Bridgewater Advisors Inc. increased its holdings in shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) by 13.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 315,914 shares of the company’s stock after purchasing an additional 38,354 shares during the period. Avantis U.S. Equity ETF makes up approximately 3.2% of Bridgewater Advisors Inc.’s holdings, making the stock its 9th largest position. Bridgewater Advisors Inc. owned 0.44% of Avantis U.S. Equity ETF worth $30,400,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Silverlake Wealth Management LLC raised its position in shares of Avantis U.S. Equity ETF by 0.4% during the third quarter. Silverlake Wealth Management LLC now owns 30,319 shares of the company’s stock valued at $2,885,000 after buying an additional 106 shares during the last quarter. PrairieView Partners LLC increased its position in shares of Avantis U.S. Equity ETF by 1.6% during the second quarter. PrairieView Partners LLC now owns 8,708 shares of the company’s stock valued at $785,000 after purchasing an additional 138 shares during the period. Waterfront Wealth Inc. raised its stake in shares of Avantis U.S. Equity ETF by 1.0% in the second quarter. Waterfront Wealth Inc. now owns 14,471 shares of the company’s stock valued at $1,305,000 after purchasing an additional 150 shares in the last quarter. Tranquility Partners LLC raised its stake in shares of Avantis U.S. Equity ETF by 3.9% in the second quarter. Tranquility Partners LLC now owns 4,268 shares of the company’s stock valued at $385,000 after purchasing an additional 161 shares in the last quarter. Finally, Capital Group Private Client Services Inc. boosted its stake in Avantis U.S. Equity ETF by 0.3% during the first quarter. Capital Group Private Client Services Inc. now owns 56,331 shares of the company’s stock worth $5,042,000 after buying an additional 166 shares in the last quarter.

Avantis U.S. Equity ETF Stock Performance

Shares of AVUS stock opened at $99.46 on Thursday. The firm has a fifty day moving average of $94.57 and a 200-day moving average of $91.53. The stock has a market cap of $7.17 billion, a price-to-earnings ratio of 17.22 and a beta of 1.00. Avantis U.S. Equity ETF has a 52-week low of $72.86 and a 52-week high of $99.56.

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.