M Wealth Management LLC Invests $1.56 Million in Avantis U.S. Equity ETF (NYSEARCA:AVUS)

M Wealth Management LLC acquired a new position in Avantis U.S. Equity ETF (NYSEARCA:AVUS) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 16,054 shares of the company’s stock, valued at approximately $1,556,000. Avantis U.S. Equity ETF accounts for approximately 1.4% of M Wealth Management LLC’s portfolio, making the stock its 14th largest holding.

A number of other hedge funds also recently bought and sold shares of AVUS. NewEdge Advisors LLC raised its position in Avantis U.S. Equity ETF by 30.7% in the second quarter. NewEdge Advisors LLC now owns 18,594 shares of the company’s stock worth $1,677,000 after acquiring an additional 4,372 shares during the period. Truist Financial Corp increased its position in Avantis U.S. Equity ETF by 85.5% in the second quarter. Truist Financial Corp now owns 5,399 shares of the company’s stock worth $487,000 after buying an additional 2,489 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Avantis U.S. Equity ETF by 7.1% in the second quarter. Cetera Investment Advisers now owns 38,880 shares of the company’s stock worth $3,507,000 after buying an additional 2,570 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Avantis U.S. Equity ETF during the 2nd quarter valued at about $1,276,000. Finally, Summit Wealth Partners LLC grew its stake in shares of Avantis U.S. Equity ETF by 339.2% during the 2nd quarter. Summit Wealth Partners LLC now owns 54,412 shares of the company’s stock valued at $4,907,000 after acquiring an additional 42,023 shares during the period.

Avantis U.S. Equity ETF Stock Performance

AVUS opened at $101.03 on Thursday. The stock has a market capitalization of $7.29 billion, a price-to-earnings ratio of 17.22 and a beta of 1.00. Avantis U.S. Equity ETF has a fifty-two week low of $81.73 and a fifty-two week high of $102.23. The company has a fifty day moving average of $99.50 and a 200 day moving average of $95.84.

Avantis U.S. Equity ETF Company 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.