Madrid Wealth Management LLC Increases Stock Holdings in Avantis U.S. Equity ETF $AVUS

Madrid Wealth Management LLC raised its holdings in shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) by 12.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 122,613 shares of the company’s stock after purchasing an additional 13,707 shares during the quarter. Avantis U.S. Equity ETF makes up approximately 10.1% of Madrid Wealth Management LLC’s portfolio, making the stock its largest holding. Madrid Wealth Management LLC’s holdings in Avantis U.S. Equity ETF were worth $13,632,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AVUS. Brighton Jones LLC purchased a new position in shares of Avantis U.S. Equity ETF in the fourth quarter worth about $670,000. EverSource Wealth Advisors LLC boosted its holdings in Avantis U.S. Equity ETF by 138.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 358 shares of the company’s stock worth $36,000 after buying an additional 208 shares during the period. First Trust Advisors LP grew its stake in Avantis U.S. Equity ETF by 140.4% in the 2nd quarter. First Trust Advisors LP now owns 15,448 shares of the company’s stock valued at $1,557,000 after buying an additional 9,022 shares in the last quarter. Qube Research & Technologies Ltd grew its stake in Avantis U.S. Equity ETF by 17.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 964 shares of the company’s stock valued at $97,000 after buying an additional 144 shares in the last quarter. Finally, Quantinno Capital Management LP purchased a new position in Avantis U.S. Equity ETF in the 2nd quarter valued at approximately $1,901,000.

Avantis U.S. Equity ETF Price Performance

Shares of AVUS stock opened at $126.09 on Friday. The stock has a market capitalization of $12.60 billion, a price-to-earnings ratio of 20.35 and a beta of 0.99. The company’s fifty day simple moving average is $124.81 and its two-hundred day simple moving average is $117.85. Avantis U.S. Equity ETF has a 1 year low of $99.73 and a 1 year high of $128.86.

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.