Riverchase Wealth Management LLC Makes New Investment in Avantis U.S. Equity ETF (NYSEARCA:AVUS)

Riverchase Wealth Management LLC purchased a new position in shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,257 shares of the company’s stock, valued at approximately $1,479,000. Avantis U.S. Equity ETF comprises approximately 1.1% of Riverchase Wealth Management LLC’s investment portfolio, making the stock its 19th biggest holding.

A number of other institutional investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC increased its position in shares of Avantis U.S. Equity ETF by 165.6% during the fourth quarter. Global Retirement Partners LLC now owns 648 shares of the company’s stock valued at $63,000 after acquiring an additional 404 shares during the last quarter. Blue Trust Inc. increased its position in shares of Avantis U.S. Equity ETF by 128.5% during the 4th quarter. Blue Trust Inc. now owns 697 shares of the company’s stock valued at $68,000 after purchasing an additional 392 shares during the last quarter. Life Planning Partners Inc raised its stake in shares of Avantis U.S. Equity ETF by 9,594.1% during the 4th quarter. Life Planning Partners Inc now owns 953,900 shares of the company’s stock worth $92,000 after purchasing an additional 944,060 shares during the period. Global Wealth Strategies & Associates purchased a new position in shares of Avantis U.S. Equity ETF in the 4th quarter worth about $97,000. Finally, EverSource Wealth Advisors LLC grew its position in Avantis U.S. Equity ETF by 11.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,515 shares of the company’s stock valued at $147,000 after buying an additional 154 shares during the period.

Avantis U.S. Equity ETF Stock Performance

Shares of AVUS stock opened at $93.78 on Friday. The firm has a market cap of $7.71 billion, a price-to-earnings ratio of 20.02 and a beta of 1.06. Avantis U.S. Equity ETF has a 52 week low of $84.26 and a 52 week high of $102.23. The firm’s 50-day simple moving average is $97.73 and its two-hundred day simple moving average is $97.47.

Avantis U.S. Equity ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were issued a $0.2962 dividend. The ex-dividend date of this dividend was Tuesday, March 25th.

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.