HB Wealth Management LLC Purchases 281,733 Shares of Avantis U.S. Equity ETF $AVUS

HB Wealth Management LLC increased its position in shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) by 4.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,026,439 shares of the company’s stock after purchasing an additional 281,733 shares during the period. Avantis U.S. Equity ETF makes up approximately 4.3% of HB Wealth Management LLC’s portfolio, making the stock its 3rd largest position. HB Wealth Management LLC owned about 0.05% of Avantis U.S. Equity ETF worth $771,865,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in Avantis U.S. Equity ETF in the 4th quarter valued at approximately $670,000. EverSource Wealth Advisors LLC raised its stake in shares of 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 worth $36,000 after buying an additional 208 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Avantis U.S. Equity ETF by 140.4% during the 2nd quarter. First Trust Advisors LP now owns 15,448 shares of the company’s stock worth $1,557,000 after buying an additional 9,022 shares in the last quarter. Qube Research & Technologies Ltd lifted its holdings in shares of 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 during the period. Finally, Quantinno Capital Management LP acquired a new stake in shares of Avantis U.S. Equity ETF in the 2nd quarter valued at approximately $1,901,000.

Avantis U.S. Equity ETF Price Performance

Avantis U.S. Equity ETF stock opened at $131.29 on Friday. The stock’s 50 day moving average price is $129.12 and its 200 day moving average price is $123.08. Avantis U.S. Equity ETF has a 1-year low of $105.72 and a 1-year high of $132.81. The company has a market cap of $14.42 billion, a PE 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.