Northwestern Mutual Wealth Management Co. Acquires 829,630 Shares of Avantis U.S. Large Cap Equity ETF $AVLC

Northwestern Mutual Wealth Management Co. boosted its holdings in Avantis U.S. Large Cap Equity ETF (NYSEARCA:AVLC) by 31,389.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 832,273 shares of the company’s stock after acquiring an additional 829,630 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 6.66% of Avantis U.S. Large Cap Equity ETF worth $65,433,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Allworth Financial LP raised its holdings in Avantis U.S. Large Cap Equity ETF by 343.7% in the fourth quarter. Allworth Financial LP now owns 173,696 shares of the company’s stock worth $13,656,000 after purchasing an additional 134,553 shares during the period. World Investment Advisors raised its holdings in Avantis U.S. Large Cap Equity ETF by 123.5% in the fourth quarter. World Investment Advisors now owns 11,409 shares of the company’s stock worth $897,000 after purchasing an additional 6,304 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC raised its holdings in Avantis U.S. Large Cap Equity ETF by 19.5% in the fourth quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 390,848 shares of the company’s stock worth $30,728,000 after purchasing an additional 63,790 shares during the period. Allegiance Financial Group Advisory Services LLC raised its holdings in Avantis U.S. Large Cap Equity ETF by 6.6% in the fourth quarter. Allegiance Financial Group Advisory Services LLC now owns 5,363 shares of the company’s stock worth $422,000 after purchasing an additional 334 shares during the period. Finally, Cypress Point Wealth Management LLC raised its holdings in Avantis U.S. Large Cap Equity ETF by 9.3% in the fourth quarter. Cypress Point Wealth Management LLC now owns 457,783 shares of the company’s stock worth $35,991,000 after purchasing an additional 39,065 shares during the period.

Avantis U.S. Large Cap Equity ETF Stock Performance

AVLC opened at $87.30 on Monday. The firm’s fifty day moving average is $81.64 and its two-hundred day moving average is $80.21. The firm has a market cap of $1.20 billion, a PE ratio of 22.04 and a beta of 1.02. Avantis U.S. Large Cap Equity ETF has a twelve month low of $66.20 and a twelve month high of $88.51.

Avantis U.S. Large Cap Equity ETF Profile

The Avantis U.S. Large Cap Equity ETF (AVLC) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in US large-cap stocks of companies perceived to have high-growth characteristics and attractive valuations. The fund aims for long-term capital appreciation AVLC was launched on Sep 26, 2023 and is issued by American Century Investments.