Ariadne Wealth Management LP Acquires Shares of 68,583 Avantis U.S. Equity ETF (NYSEARCA:AVUS)

Ariadne Wealth Management LP bought a new position in Avantis U.S. Equity ETF (NYSEARCA:AVUS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 68,583 shares of the company’s stock, valued at approximately $6,186,000. Avantis U.S. Equity ETF comprises about 3.3% of Ariadne Wealth Management LP’s investment portfolio, making the stock its 4th biggest position. Ariadne Wealth Management LP owned approximately 0.10% of Avantis U.S. Equity ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Avantis U.S. Equity ETF Price Performance

Shares of AVUS opened at $95.15 on Tuesday. The company has a 50-day moving average of $91.83 and a 200 day moving average of $90.01. The firm has a market capitalization of $6.86 billion, a price-to-earnings 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.