Avantis U.S. Equity ETF $AVUS is Tortoise Investment Management LLC’s 3rd Largest Position

Tortoise Investment Management LLC raised its position in shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) by 7.3% during the 2nd quarter, Holdings Channel reports. The fund owned 342,698 shares of the company’s stock after purchasing an additional 23,337 shares during the period. Avantis U.S. Equity ETF makes up approximately 3.3% of Tortoise Investment Management LLC’s investment portfolio, making the stock its 3rd biggest position. Tortoise Investment Management LLC’s holdings in Avantis U.S. Equity ETF were worth $34,551,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. HB Wealth Management LLC raised its stake in Avantis U.S. Equity ETF by 218.1% during the second quarter. HB Wealth Management LLC now owns 3,735,407 shares of the company’s stock valued at $376,603,000 after purchasing an additional 2,561,165 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Avantis U.S. Equity ETF by 7.2% in the 1st quarter. American Century Companies Inc. now owns 3,463,839 shares of the company’s stock worth $319,989,000 after buying an additional 234,099 shares during the last quarter. Annex Advisory Services LLC raised its position in shares of Avantis U.S. Equity ETF by 11.5% during the 2nd quarter. Annex Advisory Services LLC now owns 2,585,372 shares of the company’s stock valued at $260,657,000 after buying an additional 266,285 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Avantis U.S. Equity ETF by 51.1% in the 1st quarter. LPL Financial LLC now owns 2,149,684 shares of the company’s stock valued at $198,588,000 after acquiring an additional 727,153 shares during the last quarter. Finally, Maseco LLP bought a new position in shares of Avantis U.S. Equity ETF in the 2nd quarter valued at about $211,002,000.

Avantis U.S. Equity ETF Price Performance

Shares of NYSEARCA AVUS opened at $109.09 on Friday. The business’s 50 day moving average is $108.86 and its two-hundred day moving average is $103.33. Avantis U.S. Equity ETF has a 1-year low of $79.20 and a 1-year high of $111.62. The stock has a market capitalization of $9.94 billion, a P/E ratio of 20.35 and a beta of 1.02.

Avantis U.S. Equity ETF Profile

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.