Waterfront Wealth Inc. Has $1.52 Million Position in Avantis U.S. Large Cap Equity ETF (NYSEARCA:AVLC)

Waterfront Wealth Inc. increased its holdings in shares of Avantis U.S. Large Cap Equity ETF (NYSEARCA:AVLC) by 17.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 22,444 shares of the company’s stock after acquiring an additional 3,257 shares during the quarter. Waterfront Wealth Inc.’s holdings in Avantis U.S. Large Cap Equity ETF were worth $1,516,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Farther Finance Advisors LLC bought a new stake in shares of Avantis U.S. Large Cap Equity ETF in the 3rd quarter valued at $380,000. Grimes & Company Inc. purchased a new position in shares of Avantis U.S. Large Cap Equity ETF in the 3rd quarter worth about $632,000. Chicago Partners Investment Group LLC boosted its holdings in shares of Avantis U.S. Large Cap Equity ETF by 6.6% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 14,134 shares of the company’s stock worth $941,000 after buying an additional 876 shares during the last quarter. Rockefeller Capital Management L.P. bought a new stake in Avantis U.S. Large Cap Equity ETF in the 3rd quarter valued at about $958,000. Finally, Jane Street Group LLC bought a new stake in shares of Avantis U.S. Large Cap Equity ETF during the third quarter valued at about $1,290,000.

Avantis U.S. Large Cap Equity ETF Trading Down 0.6 %

AVLC stock opened at $70.41 on Friday. The stock has a market cap of $304.17 million, a price-to-earnings ratio of 20.27 and a beta of 1.06. The company’s 50 day moving average is $69.23 and its 200 day moving average is $67.27. Avantis U.S. Large Cap Equity ETF has a 1-year low of $57.75 and a 1-year high of $70.89.

Avantis U.S. Large Cap Equity ETF Company 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.