Grand Wealth Management LLC Has $8.03 Million Stock Holdings in Avantis U.S. Equity ETF (NYSEARCA:AVUS)

Grand Wealth Management LLC cut its holdings in shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) by 24.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,836 shares of the company’s stock after selling 26,597 shares during the quarter. Avantis U.S. Equity ETF accounts for 4.5% of Grand Wealth Management LLC’s holdings, making the stock its 5th largest position. Grand Wealth Management LLC owned 0.11% of Avantis U.S. Equity ETF worth $8,029,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Strategic Financial Concepts LLC raised its holdings in Avantis U.S. Equity ETF by 11,619.3% in the 4th quarter. Strategic Financial Concepts LLC now owns 19,954,274 shares of the company’s stock valued at $21,023,000 after acquiring an additional 19,784,005 shares in the last quarter. Annex Advisory Services LLC raised its stake in Avantis U.S. Equity ETF by 5.0% in the fourth quarter. Annex Advisory Services LLC now owns 3,563,572 shares of the company’s stock valued at $345,417,000 after purchasing an additional 169,636 shares in the last quarter. American Century Companies Inc. grew its stake in Avantis U.S. Equity ETF by 4.0% during the fourth quarter. American Century Companies Inc. now owns 3,229,740 shares of the company’s stock worth $313,059,000 after buying an additional 124,726 shares in the last quarter. Adero Partners LLC grew its stake in Avantis U.S. Equity ETF by 8.6% during the fourth quarter. Adero Partners LLC now owns 1,567,202 shares of the company’s stock worth $151,909,000 after buying an additional 124,433 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in Avantis U.S. Equity ETF by 6.0% in the 4th quarter. LPL Financial LLC now owns 1,422,531 shares of the company’s stock valued at $137,886,000 after buying an additional 80,265 shares during the period.

Avantis U.S. Equity ETF Trading Up 0.9 %

Shares of Avantis U.S. Equity ETF stock opened at $93.55 on Thursday. The company has a market cap of $7.72 billion, a PE ratio of 20.21 and a beta of 1.03. The company has a 50 day moving average of $97.11 and a 200-day moving average of $97.55. Avantis U.S. Equity ETF has a 1-year low of $84.26 and a 1-year high of $102.23.

Avantis U.S. Equity ETF Cuts Dividend

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

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.