Summit Wealth Partners LLC Buys 42,023 Shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS)

Summit Wealth Partners LLC raised its position in shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) by 339.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 54,412 shares of the company’s stock after acquiring an additional 42,023 shares during the quarter. Avantis U.S. Equity ETF makes up approximately 1.0% of Summit Wealth Partners LLC’s holdings, making the stock its 23rd largest position. Summit Wealth Partners LLC owned 0.08% of Avantis U.S. Equity ETF worth $4,907,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Global Trust Asset Management LLC increased its stake in shares of Avantis U.S. Equity ETF by 833.3% in the 2nd quarter. Global Trust Asset Management LLC now owns 280 shares of the company’s stock worth $25,000 after acquiring an additional 250 shares in the last quarter. National Bank of Canada FI purchased a new stake in shares of Avantis U.S. Equity ETF in the 2nd quarter worth approximately $25,000. Able Wealth Management LLC bought a new position in Avantis U.S. Equity ETF during the 4th quarter valued at approximately $44,000. Private Ocean LLC purchased a new position in Avantis U.S. Equity ETF during the second quarter valued at $69,000. Finally, Clarity Asset Management Inc. bought a new stake in Avantis U.S. Equity ETF in the fourth quarter worth $134,000.

Avantis U.S. Equity ETF Price Performance

Shares of NYSEARCA:AVUS opened at $94.49 on Wednesday. The business has a fifty day moving average price of $91.87 and a 200-day moving average price of $90.07. The company has a market capitalization of $6.81 billion, a PE ratio of 17.22 and a beta of 1.00. Avantis U.S. Equity ETF has a 1-year low of $69.57 and a 1-year high of $95.36.

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.